Davos Forum predicts lowest economic growth in 30 years by 2030

He Davos World Economic Forum has published a study that predicts that the global growth rate in 2030 will fall to its lowest rate in 30 years, due to the challenges posed by the climate crisisgeopolitical conflicts and the absence of inclusive and sustainable economic planning.

The document, which has analyzed macroeconomic data from 107 countries, places Spain at a low-medium level of economic growth, but well positioned with regard to the inclusion of the most disadvantaged.

In addition to Spain, this category includes Chile, Costa Rica, Greece, Hungary, Italy, Latvia, Poland, Portugal, Romania, Ukraine and Vietnam. In all of them, the average economic growth in the last five years has been 1.8%.

Above this group are States that promote both inclusion and innovation, in addition to exhibiting above-average performance in sustainability.

This group includes economies with the highest income levels: Austria, Switzerland, Germany, Denmark, Finland, France, United Kingdom, Holland, Japan and South Korea.

A third group is made up of those countries whose growth is focused on inclusion and innovation, although with moderate or low levels of sustainability, and which include, among others, Australia, Belgium, Canada, Czech Republic, Estonia, Luxembourg, New Zealand, Singapore and the United States.

The document reveals that the majority of countries “continue to grow in ways that are neither sustainable nor inclusive” and maintain a limited capacity to “absorb or generate innovation and minimize its contribution to global crises”