publicdomainpictures
"In the absence of major technological advances or structural reforms, we expect the world economy to grow at 2.8% by 2030, well below the historical average of 3.8%," said the International Monetary Fund.
Experts claim that without new technology or governmental involvement, faster growth rates than those seen in the past are not achievable. The advent of artificial intelligence (AI) technology could be beneficial in the medium run, according to the IMF. The technology may have an impact on the world economy of 0.8 percentage points.
According to the IMF, policies aimed at promoting trade openness, market competition, and financial resource accessibility might raise global growth by roughly 1.2 percentage points by 2030.
source: imf.org
Experts claim that without new technology or governmental involvement, faster growth rates than those seen in the past are not achievable. The advent of artificial intelligence (AI) technology could be beneficial in the medium run, according to the IMF. The technology may have an impact on the world economy of 0.8 percentage points.
According to the IMF, policies aimed at promoting trade openness, market competition, and financial resource accessibility might raise global growth by roughly 1.2 percentage points by 2030.
source: imf.org
