Via Faisal Alibrahim in weforum.org: Global growth is forecast to reach modest levels of between 2.7%-3.2% in 2025. At the same time, macroeconomic risks such as inflation, debt and uneven recoveries persist. On top of this, splintering trade ties, technological disruptions to business and labour markets and the complexities of the energy transition are reshaping the foundations on which growth has traditionally been built. As high-growth ambitions collide with the hard realities of the geoeconomic landscape, we need a clear and irreversible pathway towards inclusive, sustainable and resilient growth. Opportunities to rebuild and reimagine economic development models in the wake of both the global financial crisis of 2008 and the recovery from the COVID-19 pandemic were not fully grasped. Now, we are compelled to course correct. We will only draft a new economic playbook that succeeds if we double down on global collaboration, not if we turn away from it.
