Forecasted global real GDP growth 2019-2024
The coronavirus (COVID-19) pandemic, has had a significant impact on the global economy. In 2020, global Gross Domestic Product (GDP) decreased by 3.4 percent, while the forecast initially was 2.9 percent GDP growth. As the world's governments are working towards a fast economic recovery, the GDP increased again in 2021 by 5.8 percent. According to the forecast for 2022, global GDP should increase by three percent in 2022, but it is still not clear to what extent Russia's war in Ukraine will impact the global economy. Global GDP growth is expected to slow somewhat in 2023.
