162 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 FICCI Urges Bangladesh to Raise Tax-to-GDP Ratio to 22% Goodyear Unveils RL-5K Off-the-Road Tire with Three-Star Load Capacity Cameroon’s Power Firm Struggles with Debts as Investor Actis Prepares to Exit Consumer Prices Rise 3.2% in February, Eluding 2% Goal Bain Capital Enters Talks to Acquire Education Software Provider PowerSchool UAE and Qatar Banks Lead in GCC Reputation, KPMG Report Finds
