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

  2018 2019a 2020a
United States 2.9 2.3 2.0
Euro Area 1.9 1.2 1.3
United Kingdom 1.3 1.3 1.4
Japan 0.3 1.0 0.7
Australiab 2.7 1.7 2.3
China 6.6 6.1 6.0
India 6.8 4.8 5.8
ASEAN-5c 5.2 4.7 4.8
World 3.6 2.9 3.3

Note: na = not available
          a IMF projections
          b Previous estimate. World Economic Outlook, October 2019.
          c ASEAN-5 composed of Indonesia, Thailand, Philippines, Malaysia and Vietnam.
Source: International Monetary FundWorld Economic Outlook Update, January 2020.