Global economic growth set for 3.2% pace in next decade – Bloomberg

According to the latest report carried by Bloomberg Economics, global economic growth is expected to average annual growth of around 3.2% in the decade ahead.

The projected growth target is slightly below the average of 3.5% in the period from 2010-2019.

Key takeaways

“China will still outperform, though with growth on a slowing trajectory as debt, demographics and reduced catch-up space drag.”

“Burdened with aging populations, advanced economies are on a slowing path, with growth in the next decade expected to average 1.6%.”

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