Pakistan To Be Among 20 Countries That Will Dominate Global Growth in 2024

[RangeMaster]

Another report for Brain Dead patwaris....! PTI paid $1 billion to Michael Bloomberg and IMF to publish this report.
Pakistan in second picture #2024

By Alexandre Tanzi
October 19, 2019, 5:00 PM GMT+5
China currently accounts for one third of global growth
India to pass U.S. as No. 2 growth contributor next year
SHARE THIS ARTICLE

Share Tweet Post Email
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.

The global economy, weighed down by tensions that have stalled international trade and elevated uncertainty, is expected to see slower growth in the next half decade across a wide swath of economies.

China’s growth rate is expected to continue to slow, and will be a smaller driver to global GDP growth in the near term. 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.

Read More: IMF Lowers Forecasts -- Where We Agree, Differ

Which economies are the key players now and where will global growth come from in five years? Bloomberg used International Monetary Fund projections, adjusted for purchasing power parity, to identify these growth engines.

Drivers of Growth in 2019

Drivers of Growth in 2024

The U.S., while still expected to contribute a sizable portion to world growth, is projected to fall to third place, after India. America’s share of global growth is expected to slip from 13.8% to 9.2% by 2024, while India’s share is projected to rise to 15.5% and eclipse the U.S. over this five-year period.

Indonesia will remain in the fourth spot as its economy is expected to have a 3.7% growth share in 2024, a slight downward adjustment from 3.9% in 2019.

The U.K. will see its importance wane amid Brexit as its economy drops from ninth as a share of world growth in 2019, to 13th.

Although world GDP growth attributable to Russia is at 2% now and expected to stay there in five years, the country is likely to displace Japan as the number five growth contributor. Japan will fall to the ninth spot by 2024. Brazil is projected to move up from No. 11 to No. 6. Germany’s share of growth is expected to remain at 1.6% and 7th on the list.

The IMF said new growth engines among the top 20 countries in five years will include Turkey, Mexico, Pakistan and Saudi Arabia, while Spain, Poland, Canada and Vietnam drop out of the first 20.

https://www.bloomberg.com/news/arti...countries-will-dominate-global-growth-in-2024

 

[El Sidd]

This is the last pro American government in Pakistan if propaganda continues like this for long

 

[Jinn Baba]

Inshallah!!!

 

[Syed1.]

Difficult to make such long term projections in a country like Pakistan, but I'm hopeful. We can only go up from here. Inshallah.

 

[W.11]

youthiya and their day dreams.

https://www.statista.com/statistics/383729/gross-domestic-product-gdp-growth-rate-in-pakistan/

regards

 

[Protest_again]

@GumNaam please take this news article at face value as well. India is second largest contributor to world growth. This is also from Bloomberg.

 

[pak-marine]

Isko kehtay hain “ batain karoro ki dukan pakoro ki”

 

[GreenLightning]

View attachment 585213

youthiya and their day dreams.

https://www.statista.com/statistics/383729/gross-domestic-product-gdp-growth-rate-in-pakistan/

regards

Total bullcrap. That's literally impossible, next year our growth will likely be 2.3, after that it will only go up and eventually reach 5 percent at the end of this government's term. The government has implemented measures that will insure actual growth, for example the affordable housing project, poverty alleviation, startup incubation and a lot more. For God's sake man, at least be happy when something positive is happening for the country. Also keep in mind that the whole economic crisis is because of PML-N's consumption based model for growth, the crisis was always meant to happen.
Look at what happens when growth goes above 5 percent.

 

[IceCold]

This is the last pro American government in Pakistan if propaganda continues like this for long

What an Irony when people like you who are at the forefront of get foreign nationality talk about american governments in Pakistan? Canada main kya Muslamano gi government ha?

 

[GreenLightning]

There's always a crisis when the growth goes above 5 percent. It was all artificial and not self sustaining growth.

 

[Dark-Destroyer]

Total bullcrap. That's literally impossible, next year our growth will likely be 2.3, after that it will only go up and eventually reach 5 percent at the end of this government's term. The government has implemented measures that will insure actual growth, for example the affordable housing project, poverty alleviation, startup incubation and a lot more. For God's sake man, at least be happy when something positive is happening for the country. Also keep in mind that the whole economic crisis is because of PML-N's consumption based model for growth, the crisis was always meant to happen.
Look at what happens when growth goes above 5 percent.

Tell that to the keema naan brigade they still think nawaz is the worlds saviour

 

[Salahuddin Ayyubi]

Can you kindly provide evidence and facts for your statements please. The person your replied at least presented some statistical facts where as you're simply making up tall claims. Cheers

Total bullcrap. That's literally impossible, next year our growth will likely be 2.3, after that it will only go up and eventually reach 5 percent at the end of this government's term. The government has implemented measures that will insure actual growth, for example the affordable housing project, poverty alleviation, startup incubation and a lot more. For God's sake man, at least be happy when something positive is happening for the country. Also keep in mind that the whole economic crisis is because of PML-N's consumption based model for growth, the crisis was always meant to happen.
Look at what happens when growth goes above 5 percent.

 

[GumNaam]

@GumNaam please take this news article at face value as well. India is second largest contributor to world growth. This is also from Bloomberg.

the article doesn't take into account the massive & increasingly fracturlring independence movements in india not to mention deep rooted social problems like rape & lynching that are also increasing. india's worst enemy are indians themselves!

 

[Protest_again]

the article doesn't take into account the massive & increasingly fracturlring independence movements in india not to mention deep rooted social problems like rape & lynching that are also increasing. india's worst enemy are indians themselves!

Wow. You should get some mental checkup.

 

[GumNaam]

Wow. You should get some mental checkup.

and rape addicted sanghi lynchers shouldn't?