Our long-term forecasts point to a subdued outlook for world growth. We
expect global GDP to rise by 2.7% per year in the next decade, little changed
from the modest pace seen since 2007, before slowing to 2.4% per year in the 2030s. Risks to our forecasts look mostly to the downside.
Underlying our forecasts is a growing drag from demographic factors
(especially from the late 2020s onwards) and slow investment growth, offset to some extent by a modest improvement in productivity growth.
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