Well you know.
It’s the World Bank.
Its predictions are not always wrong but
-
When the world economy is growing, it publishes reports stating
“The US is getting too large a portion of growth, the US needs to cut interest and increase gov’t spending.” -
When the world economy is NOT growing, it publishes reports stating
“The US is too rich by some other measure, the US needs to cut interest and increase gov’t spending.”
Hey, they are consistent. LOL
WASHINGTON, March 27 (Reuters) - Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a “lost decade” for the world’s economy, unless policymakers adopt ambitious initiatives to boost labor supply, productivity and investment, the World Bank warned on Monday.
Failure to reverse the expected broad-based slowdown in potential gross domestic product (GDP) growth would have profound implications for the world’s ability to tackle climate change and reduce poverty, it said in a new report.
