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

  2022 2023a 2024a
United States 2.1 1.6 1.1
Euro Area 3.5 0.8 1.4
United Kingdom 4.0 -0.3 1.0
Japan 1.1 1.3 1.0
Australia 3.7 1.6 1.7
China 3.0 5.2 4.5
India 6.8 5.9 6.3
ASEAN-5b 5.5 4.5 4.6
World 3.4 2.8 3.0

Note:  a IMF projections.
          b ASEAN-5 composed of Indonesia, Thailand, Philippines, Malaysia and Vietnam.
Source: International Monetary FundWorld Economic Outlook Update, April 2023.