International Economic Conditions

Recent and projected changes in economic growth for the global economy and major overseas destinations. 

 World Economic Growth - annual per cent change in real GDP
IMF World Economic Outlook

  2021 2022a 2023a
United States 5.7 2.3 1.0
Euro Area 5.4 2.6 1.2
United Kingdom 7.4 3.2 0.5
Japan 1.7 1.7 1.7
Australia 4.8 3.8 2.2
China  8.1 3.3 4.6
India 8.7 7.4 6.1
ASEAN-5b 3.4 5.3 5.1
World 6.1 3.2 2.9

Note: na = not available
          a IMF projections.
          b ASEAN-5 composed of Indonesia, Thailand, Philippines, Malaysia and Vietnam.
Source: International Monetary FundWorld Economic Outlook Update, July 2022.