Global growth

The Economist produced an excellent graphic on the contribution to global growth over the last 5 years. Points to note:

  • World economy grew by 2.7% in early 2016
  • Brazil, Russia, India and China contribution to global growth rose from 1.4% t0 1.6% over the last year
  • Although Britain has contributed the most to GDP growth in the EU, the decision to leave the EU has forecasters predict that GDP in the Union will be 1% lower in 2018
  • Emerging economies continue to dominate world growth and are essential for jobs etc.
  • From growth of around 4.5% in 2010 the global economy has stuttered along reaching  just over 2.5% in the first half of 2016

World GDP 2010-16

 

 

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