There’s a lot of nervousness about the outlook for global economic growth. Will the pace and location of growth in the world change? What impact will our aging population have? Jaana Remes and Richard Dobbs, partners of McKinsey Global Institute, discuss what will happen in this short video:
In 1964 the world economy was approximately the size of China’s economy today in terms of purchasing power. Since then we have had a remarkable era of growth on a global scale. In the last 50 years the global economy has become 6 times larger. The reason is two-fold; the labour pool expanded and productivity for all those workers increased.
The global economy has on average grown 3,6 percent per year the last half century...Read More