From the Visual Capitalist: The $100 Trillion Global Economy in One Chart
Published 3 days ago on July 12, 2022
By Avery Koop
Article/Editing:
Raul Amoros
Graphics/Design:
Joyce Ma
https://www.visualcapitalist.com/100-trillion-global-economy…
We’ve covered this topic in the past when the world’s GDP was $88 trillion (2020) and then $94 trillion (2021), and now according to the latest projections, the IMF expects the global economy to reach nearly $104 trillion in nominal value by the end of 2022.
Although growth keeps trending upwards, the recovery that was expected in the post-pandemic period is looking strained. Because of recent conflicts, supply chain bottlenecks, and subsequent inflation, global economic projections are getting revised downwards.
Global annual GDP growth for 2022 was initially projected to be 4.4% as of January, but this has since been adjusted to 3.6%.