Future of Growth Report

January 20, 2024

The Future of Growth Report was released by the World Economic Forum at Annual Meeting 2024.
The report took a holistic look at GDP alongside the quality of growth across 107 economies in four dimensions- Innovativeness, Inclusiveness, Sustainability, Resilience.
High-income economies score high on innovation and inclusion, while lower-income economies on sustainability.
Among the lower middle-income economies, India and Kenya scored high on sustainability, Jordan on innovativeness; Vietnam on inclusiveness; and the Philippines on resilience.
- Common challenges preventing a stronger balanced growth performance of this group included technology absorption, lack of social safety nets, insufficient investment in renewable energy, and insufficient healthcare system capacity.
The report highlighted a significant economic slowdown, estimated to fall to the lowest rate in three decades by 2030.
At an individual level, none of the 107 economies covered by the report attained a score higher than 80 on any of the framework’s four dimensions.
It has called for a new approach to economic growth that balances efficiency with long-term sustainability and equity, examining speed and quality together.