Last year China grew by 7.4% in real terms, United States economy has shown about 2.2% growth (october IMF estimate), European Union - about 1.4%. Who will be the leader in the next year and the mid-term horizon? Are current growth rates sufficient for countries to keep their share of world GDP (check the US and China on the line chart, for example)? Who gonna be a winner and who is gonna lose in the global competition? How different growth rates of economies are changing the global landscape?
See the charts, animations and note how flexible Knoema can be with its ability to compute derived variables & growth rates from raw data.
(all numbers from International Monetary Fund World Economic Outlook dataset)
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World in 2020
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