The IMF forecasts that the global economy will grow 3.7% this year and next, down 0.2% from its April forecast

April prediction

Latest prediction

2018

2018

2019

2019

%

2

5

3

4

1

6

China

World

US

Trump’s $1.1tn of tax cuts was expected to maintain US GDP growth at 2.9% this year

US

Euro area

Germany

Germany

Expected to grow this year and next at an annual rate above 2%

France

UK

UK

The outlook for next year remains at 1.5%

April prediction

Latest prediction

2018

2018

2019

2019

6%

US

Trump’s $1.1tn of tax cuts was expected to maintain US GDP growth at 2.9% this year

Germany

Expected to grow this year and next at an annual rate above 2%

UK

The outlook for next year remains at 1.5%

5

4

3

2

1

0

China

US

Euro area

Germany

France

UK

World