Global Growth at Risk Unless Reforms Made to Boost Productivity, Harness AI

Global economic growth expected to reach just 2.8% by 2030, a full percentage point below historical average, unless major reforms made
Persistent low growth could worsen living standards, hinder green transition, threaten debt sustainability
Policies needed to boost productivity by improving allocation of capital and labor, addressing aging populations and labor shortages
Harnessing AI's potential could add 0.8 percentage points to global growth, but regulatory frameworks needed
Reforms focused on competition, trade openness, financial access and labor flexibility could lift growth by 1.2 percentage points