| Global Economic Outlook | ||||
| Annual Per Cent Change Unless Otherwise Indicated | ||||
| 2018 Share* | Forecast | |||
| Real GDP | (%) | 2020 | 2021 | 2022 |
| World | 100.0 | -4.1 | 5.5 | 4.4 |
| North America | 18.5 | -4.3 | 4.0 | 3.3 |
| United States | 15.2 | -3.5 | 4.1 | 3.3 |
| Canada | 1.4 | -5.7 | 4.9 | 3.8 |
| Mexico | 1.9 | -9.8 | 3.0 | 2.9 |
| European Union (EU-28) | 16.3 | -7.4 | 4.6 | 4.0 |
| Euro Area (EU-19) | 11.4 | -7.7 | 4.8 | 3.5 |
| Germany | 3.2 | -5.7 | 4.1 | 3.3 |
| France | 2.2 | -9.4 | 6.2 | 3.4 |
| Italy | 1.8 | -9.7 | 5.7 | 3.1 |
| United Kingdom | 2.2 | -11.2 | 5.5 | 4.9 |
| EU accession members | 2.6 | -4.1 | 3.5 | 4.1 |
| Asia | 45.0 | -2.2 | 7.1 | 4.7 |
| Japan | 4.1 | -5.5 | 2.4 | 1.6 |
| Asian NIC's | 3.4 | -1.7 | 3.6 | 3.0 |
| Hong Kong | 0.4 | -6.8 | 3.7 | 4.0 |
| Korea | 1.7 | -1.1 | 3.3 | 2.8 |
| Singapore | 0.4 | -6.0 | 5.9 | 3.4 |
| Taiwan | 0.9 | 1.1 | 3.3 | 2.9 |
| Russia | 3.1 | -4.5 | 2.9 | 3.9 |
| Australia & New Zealand | 1.1 | -3.9 | 3.3 | 4.1 |
| Emerging Asia | 33.2 | -1.6 | 8.6 | 5.4 |
| ASEAN-5 | 5.5 | -3.5 | 6.0 | 5.4 |
| China | 18.7 | 1.8 | 8.9 | 5.3 |
| India** | 7.7 | -9.6 | 9.9 | 5.9 |
| Central/South America | 5.6 | -8.1 | 4.3 | 3.0 |
| Brazil | 2.5 | -5.2 | 3.4 | 2.5 |
| Other Emerging Markets | 13.6 | -4.7 | 3.6 | 5.7 |
| Other Advanced | 1.1 | -4.6 | 3.6 | 5.0 |
| *Share of world GDP on a purchasing-power-parity (PPP) basis. | ||||
| Forecast as at December 2020. **Forecast for India refers to fiscal year. | ||||
| Source: IMF, TD Economics. | ||||