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High debts put onus on productivity to lift GDP growth

Location:

INT

Advanced economies’ public debt ratios are the highest since 1948, but productivity growth is weak

Policy can prevent productivity pay gaps proliferating

Location:

INT

The widening US productivity pay gap, where GDP gains are paid to workers less and less, is not replicated globally

Weak long-run growth raises risks to the world economy

Location:

INTERNATIONAL

Global GDP will grow by less this decade than the past unless there is a surprise uptick in productivity

The scope to increase global productivity is immense

Location:

INT

Global growth is picking up, but the lack of structural reform from 2007-17 is holding back countries across the world

Worker shortages and skills mismatches will hit growth

Location:

INT

High youth unemployment and rising worker retirements are straining labour markets and productivity

AI augmentation and automation will alter job markets

Location:

INT

AI will lift global economic productivity over the coming decades, but also transform labour markets

Redistribution is key to the future of the workforce

Location:

INT

Technology will raise productivity and living standards; redeployment rather than fear of unemployment must guide policy

Workforce shrinkage will not inevitably push wages up

Location:

INT

Potential workforces are shrinking as populations age and labour participation falls or stagnates in major economies

Higher rates for longer will fuel corporate distress

Location:

INT

Firms need to repay or roll over some USD5.5tn of corporate debt obligations in 2024, with interest rates still high

Demographic trends will shape economic prospects

Location:

INT

Transforming the world economy by 2040, working-age population growth will come almost entirely from lower-income states