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

  2020 2021a 2022a
United States -3.4 6.0 5.2
Euro Area -6.3 5.0 4.3
United Kingdom -9.8 6.8 5.0
Japan -4.6 2.4 3.2
Australia -2.4 3.5 4.1
China  2.3 8.0 5.6
India -7.3 9.5 8.5
ASEAN-5b -3.4 2.9 5.8
World -3.1 5.9 4.9

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, October 2021.