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
| 2023 | 2024 | 2025a | |
| United States | 2.9 | 2.8 | 1.9 |
| Euro Area | 0.5 | 0.9 | 1.0 |
| United Kingdom | 0.4 | 1.1 | 1.2 |
| Japan | 1.4 | 0.2 | 0.7 |
| Australia | 2.1 | 1.0 | 1.8 |
| China | 5.4 | 5.0 | 4.8 |
| India | 9.2 | 6.5 | 6.4 |
| ASEAN-5b | 4.1 | 4.6 | 4.1 |
| World | 3.5 | 3.3 | 3.0 |
Note: a IMF projections.
b ASEAN-5 composed of Indonesia, Thailand, Philippines, Malaysia and Vietnam.
Source: International Monetary Fund, World Economic Outlook Update, July 2025.