Low growth threatens to reverse living standards – IMF

AI will drive growth but also increase inequalities, fund says

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The International Monetary Fund (IMF) says low growth globally is likely to affect living standards and widen economic inequalities between countries. 

In an early-release chapter of its World Economic Outlook report, the IMF says the global growth rate has slowed steadily since the global financial crisis of 2008–09 and calls for policy intervention to reverse the trend.

According to its analysis, global growth will slow to 2.8% by 2030, well below the historical average of 3.8%.

The fund

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