IMF reveals that global economic growth will decline to only 2.8 percent by 2030.
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Washington, April 10, 2024 (LANA) - The International Monetary Fund revealed on Wednesday that global economic growth will decline to only 2.8 percent by 2030, a full percentage point lower than the historical average.
The IMF stressed the need to undertake major reforms to enhance productivity, and to take advantage of technology tools such as artificial intelligence, to avoid this decline.
This came within a chapter of the Fund’s report on the future global economic prospects, as it showed a further decline in the global growth rate, which has experienced a steady slowdown since the global financial crisis in 2008 and 2009.
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