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- Global growth is projected to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. While the forecast for 2023 is modestly higher than predicted in the April 2023 World Economic Outlook (WEO), it remains weak by historical standards.
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- Overview. Global recovery remains slow, with growing regional divergences and little margin for policy error. The baseline forecast is for global growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, well below the historical (2000–19) average of 3.8 percent.
- Projections Table. Download Data.
- Chapters in the Report. Chapter 1: Global Prospects and Policies. Divergent growth prospects across the world’s regions pose a challenge to returning to prepandemic output trends.
- Statistical Appendix. Statistical Appendix: Data assumptions, conventions, and classifications. Statistical Appendix Table A: Key Global Economic Indicators.
Nov 17, 2023 · In Euromonitor International’s Q4 2023 baseline forecast, the global real GDP forecast for 2023 further increased to 2.8% (2.6% in Q3). For 2024, however, global growth expectations have declined and are now lower than for 2023, at 2.7% (2.9% in Q3), with an increasingly diverging trend between advanced and emerging economies.
Global growth is expected to slow down in 2023, driven by a milder and less protracted recession in the US than in Europe. With the main central banks staying the course, financial conditions should remain
Jul 25, 2023 · The IMF said world trade growth is declining and will reach just 2.0% in 2023 before rising to 3.7% in 2024, but both growth rates are well below the 5.2% clocked in 2022.
The global economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025.
Global growth is projected to fall from 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024 on an annual average basis (Table 1). Compared with projections in the April 2023 WEO, growth has been upgraded by 0.2 percentage point for 2023, with no change for 2024.
Jan 30, 2024 · Global growth is projected at 3.1 percent in 2024 and 3.2 percent in 2025, with the 2024 forecast 0.2 percentage point higher than that in the October 2023 World Economic Outlook (WEO) on account of greater-than-expected resilience in the United States and several large emerging market and developing economies, as well as fiscal support in China.
