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 -3.5 7.0 4.9
Euro Area -6.5 4.6 4.3
United Kingdom -9.8 7.0 4.8
Japan -4.7 2.8 3.0
Australia -2.4 5.3 3.0
China  2.3 8.1 5.7
India -7.3 9.5 8.5
ASEAN-5b -3.4 4.3 6.3
World -3.2 6.0 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, July 2021.