| Global Economic Outlook | ||||
| Annual Per Cent Change Unless Otherwise Indicated | ||||
| 2019 Share* | Forecast | |||
| Real GDP | (%) | 2021 | 2022 | 2023 |
| World | 100.0 | 6.0 | 3.9 | 3.4 |
| North America | 19.2 | 5.5 | 3.1 | 2.5 |
| United States | 15.8 | 5.7 | 3.2 | 2.5 |
| Canada | 1.4 | 4.6 | 3.9 | 3.0 |
| Mexico | 1.9 | 5.2 | 2.2 | 2.3 |
| European Union (EU-28) | 15.4 | 5.2 | 3.5 | 2.2 |
| Euro Area (EU-19) | 12.5 | 5.2 | 3.4 | 2.3 |
| Germany | 3.5 | 2.8 | 3.2 | 2.8 |
| France | 2.4 | 7.0 | 3.3 | 1.9 |
| Italy | 2.0 | 6.5 | 3.2 | 1.7 |
| United Kingdom | 2.4 | 7.2 | 4.0 | 2.1 |
| EU accession members | 2.9 | 5.2 | 4.1 | 2.1 |
| Asia | 43.2 | 6.4 | 4.6 | 4.7 |
| Japan | 4.1 | 1.6 | 2.8 | 1.5 |
| Asian NIC's | 3.5 | 5.2 | 3.2 | 2.4 |
| Hong Kong | 0.3 | 6.5 | 2.0 | 3.2 |
| Korea | 1.7 | 4.0 | 3.0 | 2.5 |
| Singapore | 0.4 | 7.2 | 4.4 | 2.4 |
| Taiwan | 0.9 | 6.3 | 3.6 | 2.3 |
| Russia | 3.1 | 3.5 | -8.0 | -0.2 |
| Australia & New Zealand | 1.2 | 4.7 | 3.6 | 2.8 |
| Emerging Asia | 31.4 | 7.5 | 6.2 | 5.9 |
| ASEAN-5 | 5.7 | 3.3 | 5.7 | 5.4 |
| China | 17.3 | 8.4 | 5.4 | 5.6 |
| India** | 7.1 | 8.7 | 8.8 | 7.0 |
| Central/South America | 5.6 | 7.4 | 2.2 | 2.3 |
| Brazil | 2.4 | 4.9 | 0.7 | 1.7 |
| Other Emerging Markets | 13.0 | 5.5 | 4.1 | 2.9 |
| Other Advanced | 1.1 | 4.7 | 3.7 | 2.2 |
| *Share of world GDP on a purchasing-power-parity (PPP) basis. | ||||
| Forecast as at March 2022. **Forecast for India refers to fiscal year. | ||||
| Source: IMF, TD Economics. | ||||