World Bank President Ajay Banga emphasises growth imperative for jobs, prosperity and peace at WEF 2024

World Bank President Ajay Banga emphasises growth imperative for jobs, prosperity and peace at WEF 2024

During his keynote speech at the WEF24 session, Banga provided a sobering outlook, stating, " The reality is we are headed for the first half of the decade to have the lowest growth rate in 30 years. Without growth, you don't have jobs, you don't have prosperity, and very often, without growth, you don't have peace. So I think growth is at the core of our challenges, both in the near and medium term."