Economy
Projections for 5-Year Growth have Reached Lowest Level in Decades
![Projections for 5-Year Growth have Reached Lowest Level in Decades](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-Projections-for-5-Year-Growth-have-Reached-Lowest-Level-in-Decades-20240510131929.webp&w=3840&q=75)
The macroeconomic environment has become less favorable. Medium-term growth rates are projected to continue declining on the back of mediocre productivity growth, weaker demographics, feeble investment and continued scarring from the pandemic. Against this backdrop, elevated real long-term interest rates could pose significant challenges.
See the in-depth article here.
Dataset
2000 | 2005 | 2010 | 2015 | 2020 | |
---|---|---|---|---|---|
Emerging Markets and Developing Economies | 6 | 5.8 | 6.7 | 5.3 | 4.8 |
World | 4.3 | 4.3 | 4.6 | 4 | 3.7 |
Advanced Economies | 2.9 | 2.8 | 2.3 | 2 | 1.7 |
Data sources
Note: The years on the horizontal axis show the year for which a forecast is made. 2000-22 use April WEO vintages, and 2023 uses the October vintage.
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