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3 days ago · Amid exceptional uncertainty, the global economy is projected to grow 5.5 percent in 2021 and 4.2 percent in 2022. The 2021 forecast is revised up 0.3 percentage point relative to the previous forecast, reflecting expectations of a vaccine-powered strengthening of activity later in the year and additional policy support in a few large economies.
4 days ago · The global economic upswing that began around mid-2016 has become broader and stronger. This new World Economic Outlook report projects that advanced economies as a group will continue to expand above their potential growth rates this year and next before decelerating, while growth in emerging market and developing economies will rise before leveling off. For most countries, current favorable ...
3 days ago · The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. In a baseline scenario--which assumes that the pandemic fades in the second half ...
2 days ago · Advanced economies: 1.5 Emerging and Developing Asia: 5.2 Emerging and Developing Europe: 2.4 Emerging market and developing economies: 4.0 Euro area: 0.7 European Union: 0.7 Latin America and the Caribbean: 2.7 Major advanced economies (G7) 1.5 Middle East and Central Asia: 2.0 Other advanced economies: 1.8 Sub-Saharan Africa: 3.3 World 3.0
1 day ago · Growth spillovers from domestic shocks in G20 emerging markets have increased over the past two decades and are now comparable to those from advanced economies, as we detail in an analytical chapter of the April 2024 World Economic Outlook. We also examine how such shocks spread through trade to companies and industries in other countries.
4 days ago · May 16, 2024 For decades, the Dominican Republic's economy has been growing at a remarkably steady pace. The Caribbean nation of 11 million people is today considered a middle-income nation, but the International Monetary Fund projects it could become an advanced economy within the next 40 years.
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5 days ago · Today, the Asian share of global GDP is over 54%, whereas Europe and North America combined now account for less: about 33%. An extraordinary change in a remarkably short space of time. Clearly mostly a result of the furious growth seen in China and India over the period, but mirrored by rapid growth in many other Asian nations.
