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International Economic Conditions

World Economic Growth, IMF World Economic Outlook Annual Per Cent Change in Real GDP
2017 2018a 2019a
United States 2.3 2.7 2.5
Euro Area 2.4 2.2 2.0
United Kingdom 1.7 1.5 1.5
Japan 1.8 1.2 0.9
Australiab 2.2 2.9 na
China 6.8 6.6 6.4
India 6.7 7.4 7.8
ASEAN-5c 5.3 5.3 5.3
World 3.7 3.9 3.9

Note: na = not available
         a IMF projections
         b IMF projections reported in World Economic Outlook, October 2017. Australian data not reported in January 2018 WEO Update.
         c ASEAN-5 composed of Indonesia, Thailand, Philippines, Malaysia and Vietnam.
Source: International Monetary Fund Link to external website, World Economic Outlook Link to external website January 2018.

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