Where will global GDP growth come next year?



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According to forecasts by the International Monetary Fund, the global economy is expected to remain at around 3.6% of annual GDP growth until 2024. However, Who contributes the most to this growth?

Bloomberg used IMF projections, adjusted for purchasing power parity, to badyze the source of this growth next year.

China's share of global GDP growth is expected to account for 28% of the total, followed by India and the United States. Indonesia and Russia complete the top five group. Russia will play a greater role in global growth than many Group of Seven countries, including Germany, Japan, the United Kingdom, France, Spain and Italy.

Despite China's growth rate has slowed, the size of your economy and its growth rate means that it will continue to be the biggest contributor to global GDP growth in a large margin in the short term. Although the US is expected contributes to a considerable share of global growth, its participation should be reduced to 10.5%, against 12.3% last October, as the democratization of GDP progressed.

Since Bloomberg last conducted the exercise in October, global growth will come increasingly from emerging Asian markets. India is expected to account for 13.7% of global growth, compared with 12.9% last fall. Indonesia and South Korea also add a tenth of a percentage point.

It is expected that the main savings, such as Italy, Canada, Germany and Francethey will be a factor less important global GDP growth over the next year.

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