Global Economic Outlook |
Annual Per Cent Change Unless Otherwise Indicated |
2018 Share* |
Forecast |
Real GDP |
(%) |
2020 |
2021 |
2022 |
World |
100.0 |
-3.8 |
6.2 |
4.1 |
North America |
18.5 |
-4.6 |
3.5 |
3.2 |
United States |
15.2 |
-4.0 |
3.4 |
3.3 |
Canada |
1.4 |
-5.6 |
4.1 |
3.2 |
Mexico |
1.9 |
-9.0 |
4.7 |
3.5 |
European Union (EU-28) |
16.3 |
-6.7 |
6.1 |
3.8 |
Euro Area (EU-19) |
11.4 |
-7.4 |
6.3 |
3.9 |
Germany |
3.2 |
-5.4 |
5.7 |
3.0 |
France |
2.2 |
-9.1 |
7.1 |
2.9 |
Italy |
1.8 |
-9.9 |
6.5 |
3.0 |
United Kingdom |
2.2 |
-10.4 |
4.9 |
3.4 |
EU accession members |
2.6 |
-4.1 |
3.6 |
3.7 |
Asia |
45.0 |
-1.5 |
7.7 |
4.8 |
Japan |
4.1 |
-5.1 |
3.1 |
2.6 |
Asian NIC's |
3.4 |
-1.5 |
3.9 |
3.6 |
Hong Kong |
0.4 |
-6.1 |
4.2 |
3.4 |
Korea |
1.7 |
-1.1 |
3.2 |
3.5 |
Singapore |
0.4 |
-5.0 |
6.3 |
3.6 |
Taiwan |
0.9 |
0.8 |
4.2 |
4.2 |
Russia |
3.1 |
-5.4 |
6.0 |
3.2 |
Australia & New Zealand |
1.1 |
-3.2 |
4.3 |
4.5 |
Emerging Asia |
33.2 |
-0.7 |
9.0 |
5.4 |
ASEAN-5 |
5.5 |
-2.7 |
7.0 |
5.4 |
China |
18.7 |
2.5 |
9.2 |
5.2 |
India** |
7.7 |
-6.9 |
-6.9 |
-6.9 |
Central/South America |
5.6 |
-7.7 |
4.2 |
2.6 |
Brazil |
2.5 |
-5.0 |
3.4 |
2.2 |
Other Emerging Markets |
13.6 |
-5.1 |
5.8 |
3.8 |
Other Advanced |
1.1 |
-3.9 |
4.9 |
4.1 |
*Share of world GDP on a purchasing-power-parity (PPP) basis. |
Forecast as at September 2020. **Forecast for India refers to
fiscal year. |
Source: IMF, TD Economics. |
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