A wide range of factors have led to broad economic slowdown and fiscal tightening, linked to a deepening crisis of development. Factor reallocation between firms has slowed and gains from better education and health have faded. A weakening of investment growth in EMDEs and slower growth in working-age populations has weighed on productivity growth. In addition to assistive policy measures, the global community should help expand financing and capacity-building to promote growth in EMDEs, MICs and to achieve the SDGs, with specific emphasis on contributions from the global community and the private sector.

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Reviving Growth: Challenges and Policies

  • M. Ayhan Kose,
  • Franziska Ohnsorge

摘要

A wide range of factors have led to broad economic slowdown and fiscal tightening, linked to a deepening crisis of development. Factor reallocation between firms has slowed and gains from better education and health have faded. A weakening of investment growth in EMDEs and slower growth in working-age populations has weighed on productivity growth. In addition to assistive policy measures, the global community should help expand financing and capacity-building to promote growth in EMDEs, MICs and to achieve the SDGs, with specific emphasis on contributions from the global community and the private sector.