It’s been nearly a decade since the 2008 global financial crisis, and world economic growth rates are almost back where they were after a long, painful but instructive haul, and both developed and emerging economies have added a lot to their financial tool kits.

The International Monetary Fund predicts growth in developed countries will drop from the pre-crisis 2.2 percent to 1.5 percent, and in emerging economies from 7.5 percent to 5 percent between 2015 and 2020.

While high unemployment, huge debt in developed countries, excessive debt of enterprises in emerging economies, and overcapacity are to blame, declining productivity is another major culprit.

Read the transcript

http://bit.ly/2z45gNb

Read the blog post

https://www.asiapathways-adbi.org/2017/09/what-are-the-policy-options-for-reversing-productivity-decline/

Author

Li Xu is a research fellow at ADB

https://www.adb.org/adbi/about/staff-profiles/li-xu

Know more about ADBI’s research on productivity growth

http://bit.ly/2gCi99o