China has been a major driver of world growth for years, but its expansion is expected to continue to slow. China’s share of global GDP growth is expected to fall from 32.7% in 2018-2019 to 28.3% by 2024 -- a relatively steep 4.4 percentage point reduction. Weaker global growth, expected to fall to 3% this year and the slowest since the global financial crisis, will affect 90% of the world, according to estimates released this week by the International Monetary Fund. Which economies are the key players now and where will global growth come from in five years? The US, while still expected to contribute a sizable portion to world growth, is projected to fall to third place, after India.

Source: Mint October 19, 2019 15:56 UTC