94 The World Bank has warned of a “lost decade” for global growth because of structural challenges triggered by the Covid-19 pandemic, high inflation, and the war in Ukraine, and pitched for concerted policies to restore growth in the next decade. The three main factors holding back economic growth are an aging workforce, slowing investment, and slowing productivity. Potential growth decreased from 3.5 percent in the decade 2000 to 2010 to an average of 2.6 percent per year from 2011 to 2021 and, from 2022 to 2030, it is expected to decrease to 2.2 percent. You Might Be Interested In EU, PHL to restart free trade talks Goldman Sachs Identifies Key Sectors Poised for Growth in China’s Rebalancing Economy INR to Replace Dollar? Read Further to Know More Oil Dips 1% to $81.11 per Barrel Amid Growing Concerns Over Delayed OPEC+ Meeting SoumTech concludes the biggest online real estate auction in KSA with sales over half a billion Saudi Riyals Fed’s Kashkari sees 40% chance of ‘meaningfully higher’ interest rates
