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Jul 12, 2016 / Richard Hall

World economy not so bad

My favourite chart on global economic growth was updated in The Economist on 18th June.

I like it so much because it shows the state of the world economy in a single line.
World-GDP-June18 2016

Until 2008, the global economy was growing at around 4% on year. For the last 3 years, the rate has been close to 3%. In the first quarter of 2016, it was 2.7%. The BRIC countries of Brazil, Russia, India and China contributed 1.6 percentage points of this.

Not so bad, really. But I suspect the uncertainty over Britain’s continued links with the European Union won’t help.

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