IMF sees low potential growth for world's economies
It cites ageing populations, fall in technological innovation, declines in private investment, poor employment gains
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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, which gauges how fast economies can grow over time without hitting inflationary speed bumps, already was slowing in richer economies before the financial crisis due to ageing populations and a drop in technological innovation.
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