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Andrew Sentence CBE Senior Economic Advisor, PwC ECONOMIC INSIGHT

Andrew Sentence CBE Senior Economic Advisor, PwC ECONOMIC INSIGHT

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Page 1: Andrew Sentence CBE Senior Economic Advisor, PwC ECONOMIC INSIGHT

Andrew Sentence CBESenior Economic Advisor, PwC

ECONOMIC INSIGHT

Page 2: Andrew Sentence CBE Senior Economic Advisor, PwC ECONOMIC INSIGHT

PwC

The world economy in the 21st century World GDP, US $ trillion (current prices)

2000 2008 2015 2020*0

20

40

60

80

100

120

33

6375

98

Source: IMF * forecast

Page 3: Andrew Sentence CBE Senior Economic Advisor, PwC ECONOMIC INSIGHT

PwC

Asia-Pacific now the dominant regionPercentage share of world GDP, current market prices & exchange rates

1980 1990 2000 2010 20150%5%

10%15%20%25%30%35%40%

US EU-28 Asia-PacificSource: IMF World Economic Outlook

Page 4: Andrew Sentence CBE Senior Economic Advisor, PwC ECONOMIC INSIGHT

PwC

Global growth in 2015 – latest PwC forecasts

Source: PwC June 2015 projections

Russia

Germany

UK

US

Brazil

India

Spain

Key

Canada

Mexico

South Africa

Australia

Japan

Italy

Greece

Ireland

France

2.2

2.4

2.8

-0.4

2.5

1.3

3.4

2.31.7

0.4

2.0

7.0

-1.1

2.6

7.0

1.1

-5.0

x.x = GDP growth in 2015

China

Page 5: Andrew Sentence CBE Senior Economic Advisor, PwC ECONOMIC INSIGHT

PwC

Growth in leading EU economiesAnnual % GDP growth to Q1 2015 in 10 largest EU economies

Italy

Austria

France

Belgium

Germany

Netherlands

UK

Sweden

Spain

Poland

0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%

Source: Eurostat