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IMF sees low potential growth for world's economies

It cites ageing populations, fall in technological innovation, declines in private investment, poor employment gains
Wednesday, April 8, 2015 - 05:50
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A projected drop in growth potential for China, the world’s second largest economy, could be even deeper as it transitions away from an investment-led economy to a consumption-based one, the IMF says.

Washington

THE world's growth potential took a big hit after the 2007-2009 financial crisis and is likely to lag for years, implying that interest rates should likely stay low for quite a while, the International Monetary Fund (IMF) said in a study on Tuesday.

Potential growth,