GDP Growth Across the G20: Western Economies Lag

What we’re showing

2024 GDP growth projections for G20 nations (excluding the EU and African Union). These figures come from the IMF’s World Economic Outlook (Jan 2024 update).

Key takeaway

The fastest growing G20 economies are located in Asia, as well as Latin America.

Russia powers on

Also interesting is Russia’s projected growth of 2.6%, which is quite strong considering the sanctions it faces from the West. Furthermore, 2.6% is greater than what the IMF expects from the U.S. and its European allies.