1945

The world economy has been experiencing a consistent growth pattern over the last few years, with the real GDP growth rate averaging at 2.4 per cent in the period 2012-2016. The GDP growth rate of developing countries has been following a downward trend from 4.7 per cent in 2012 to 3.8 per cent in 2016. As for ESCWA member countries, their overall GDP performance has been inconsistent, with the growth rate falling from 6.1 per cent in 2012 to 1.6 per cent in 2014, then increasing to 2.5 per cent in 2015. It is however expected to have decreased again to 1.9 per cent in 2016.

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