The OECD has just published the report “Policy challenges for the next 50 years.” According to the study a slowdown in global economic growth and a continuing rise in income inequality are projected for the coming decades. Three areas are highlighted: sustaining strong growth, tackling rising income inequality and reducing climate change costs.
Ageing populations in many OECD countries and the gradual deceleration from current high rates of growth in the large emerging economies will bring global rises in GDP down from an annual average 3.6% in the 2010-2020 period to an estimated 2.4% in 2050-2060. Innovation and investment in skills will be the predominant drivers of growth.
The report looks beyond the crisis at what the world could look like by 2060.
Download Policy challenges for the next 50 years here.