The world is heading towards a drastic fall in its growth
Despite the stimulatory economic policies, the world is heading towards a drastic fall in its growth as population ageing is not being counterbalanced by an incre ase in productivity gains. On the contrary in fact, despite the investment in new technologies and the increase in the population ’s level of education , labour productivity is slowing down . The drastic and rapid slowdown in global growth may trigger a debt crisis by worsening borrower solvency, and may trigger a decline in asset prices and commodity prices if it is unexpected.