The G20 and the world economy: Performance and prospects

Dale Jorgenson and Khuong Vu

Journal of Policy Modeling, 2021, vol. 43, issue 4, 770-782

Abstract: In the twenty-first century the balance of world economic growth has shifted from the G7 industrialized economies, led by Europe, Japan, and the United States, to the emerging economies of Asia, especially China and India. While world growth will continue at a rapid pace, members of the G7 will grow more slowly than the world economy, while China and India will grow more rapidly. Growth in the advanced economies will recover from the financial and economic crisis of the past decade, but a longer-term trend toward slower economic growth will be re-established.

JEL-codes: E01 E27 F01 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:43:y:2021:i:4:p:770-782

DOI: 10.1016/j.jpolmod.2021.02.006

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