World Bank Warns of “Lost Decade” – Global Economy’s “Speed Limit” Set to Fall to Three-Decade Low

World Bank Warns of “Lost Decade” – Global Economy’s “Speed Limit” Set to Fall to Three-Decade Low
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World Bank warns nearly all the economic forces that powered progress and prosperity over the last three decades are fading. As a result, between 2022 and 2030 average global GDP growth is expected to decline by roughly a third from the rate that prevailed in the first decade of this century—to 2.2% a year.

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