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  "notes": "The slide outlines the rationale for a new multidimensional growth framework, citing global crises, geopolitical shifts, and the need for a more holistic view of growth quality.",
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      "text": "The Future of Growth Framework applies a multidimensional approach that balances various priorities rather than aggregating them into a single index.",
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      "text": "There is currently no consensus towards a one-size-fits-all model or one recipe for good growth. Instead, countries have divergent interests, priorities and starting points, even in the face of shared global challenges. The Future of Growth Framework applies a multidimensional approach that balances various priorities rather than aggregating them into a single index. It is grounded in four pillars: Innovativeness, Inclusiveness, Sustainability and Resilience.",
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      "text": "The recent sustained slowdown in growth has been compounded by a succession of crises and dislocations. These crises have raised questions not just about the stability of prevailing approaches to stimulating economic growth, but about the goals and values underpinning it.",
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      "text": "The multiple pillars of this framework provide space for those divergences to co-exist, rather than being assigned a weight and summed up. Each pillar in this normative framework denotes a positive, e.g. it is positive for a country to be innovative or resilient, or to take account of distributional and environmental considerations. Yet the framework, and the report, stop short of prescribing which of the pillars is more important, or what the optimal balance between them might be.",
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      "text": "The work in this report starts from two key premises. The first is that economic growth is an essential policy objective and a key prerequisite for improving living standards and making progress on almost any other policy agenda. The second is that growth policy is an inherently normative exercise, with trade-offs and synergies.",
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      "text": "All of this has taken place against - and has also frequently contributed to - a backdrop of increasing global contention over economic policies, norms and structures. The extent to which there was previously agreement on these matters should not be overstated, with the so-called 'Washington consensus', having broken down before the global financial crisis had erupted. But the forces of change have intensified over the past two decades...",
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      "text": "It is now more than 15 years since the beginning of the global financial crisis, but it continues to cast a shadow... The COVID-19 pandemic and the shock of lockdowns left behind an aftermath of a surge in public debt and reversal of global development progress. Geopolitical tensions and conflicts have further reshaped an increasingly multipolar international order... Overshadowing these developments is the growing awareness that the world's rising temperature poses grave dangers... with only 50% of people trusting governments and only 41% trusting government leaders.",
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      "text": "This report comprises four sections. The first discusses the current global growth picture - the trade-offs between a conventional short-term growth focus and a longer-term emphasis on the underlying quality of this growth - and provides an overview of the Future of Growth Framework and the choices made in the construction of each of its four pillars. The second part presents key global findings and current trends regarding the innovativeness, inclusiveness, sustainability and resilience of growth across countries.",
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      "text": "Different countries have different circumstances and that will lead to different conclusions on those questions. The goal of the framework is not to prescribe a particular approach, but to provide a tool with which countries can explore areas to improve, trade-offs to resolve or synergies to develop. Out of the scope of the framework and this report are questions around improving the measurement of GDP itself...",
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      "text": "The question is not whether the world still needs economic growth, but the extent to which the underlying nature of the growth that is needed is synergistic with other important priorities. To help respond to this context, this report introduces a new quantitative framework to help complement traditional growth metrics and develop a more holistic view of the quality of growth.",
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      "text": "The Future of Growth Report 2024 6",
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      "text": "Introduction",
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