G20 Economies Should Target Reforms to Boost Medium-Term Growth Prospects

November 21, 2024--Improving fiscal policy frameworks, fostering education and skills, and supporting the green transition can help ensure strong, sustainable, balanced, and inclusive growth
For most Group of Twenty economies, growth is poised to weaken over the next five years and remain well below what was typical in the two decades before the pandemic.
That's one of the biggest shared challenges for the group, which accounts for about 85 percent of global gross domestic product.

Growth is more robust across the African Union, which joined the G20 last year, but booming populations mean those economies also must create jobs for millions of young people entering the labor market.

For both groups, as well as the European Union, lifting growth is essential to improving outcomes for people, and there's a common solution: implementing priority reforms can significantly boost prospects for growth over the next five years, or medium term, as our new report to the G20 outlines. Our analysis also indicates that payoffs from structural reforms are greatest when they are carefully sequenced and reflect social consensus.

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As One Cycle Ends, Another Begins Amid Growing Divergence

January 17, 2025--Growth divergences persist and could widen, while policy shifts may reignite inflation pressures in some countries
We project global growth will remain steady at 3.3 percent this year and next, broadly aligned with potential growth that has substantially weakened since before the pandemic. Inflation is declining, to 4.2 percent this year and 3.5 percent next year, in a return to central bank targets that will allow further normalization of monetary policy.

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WEF-These are the biggest risks we face now and in the next 10 years

January 15, 2025--After a challenging "super election" year in 2024, leaders face uncertainty about what lies ahead in 2025 and into the future.
The World Economic Forum's latest Global Risks Report reveals a significant carryover of 2024's key concerns while highlighting some new and notable shifts in risk perception.
The report sets the agenda for discussions at the Forum's Annual Meeting in Davos, this year convening under the title, Collaboration for the Intelligent Age.

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