Reimagining Growth

With limited fiscal space and monetary policy tools at their disposal, policymakers will need to look towards new frontiers and sources for growth. Innovation will play a central role in fully achieving global economic recovery and avoiding the spectre of a “Tepid Twenties” marked by slow growth, record-high debt levels and depleted fiscal buffers. Looking ahead, the digital economy already accounts for over 15.5% of global GDP and could form the basis for up to 70% of all the new value created in the global economy over the next decade. Yet, headwinds and structural vulnerabilities continue to counterbalance the more positive economic signs of a potential soft landing.

Reviving and reimagining growth is critical to building stronger and more resilient economies. How can we identify the new sources of growth in this new global economy?

In this context, it's crucial for businesses, governments, and civil society to work together to find common solutions and take decisive action. Through its Centres, the World Economic Forum integrates public-private efforts to achieve greater impact.