"For developed economies, the period since the global financial crisis has been characterized by exceptionally slow labour productivity growth.
Much of this weakness has been attributed to sluggish private and public investment, due to subdued demand, fiscal austerity, fragile bank balance sheets, and elevated policy uncertainty over the period. However, productivity growth in developed economies has been on a downward trend since the 1970s and 1980s, suggesting that structural factors are also at play. "
"From a socioeconomic perspective, high or rising levels of economic inequality that prevail in many parts of the world economy pose a fundamental challenge to robust growth, poverty reduction and sustainable development. Inequality in income and wealth often goes hand-in-hand with other forms of inequality, such as political inequality, health inequality and inequality in opportunities, threatening prospects for social cohesion."