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Non OECD leads economic expansion

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Non-OECD leads economic expansion

  • Economic output (GDP) growth consists of both income (measured by GDP per capita) and population growth
  • Projected OECD GDP growth trend reflects declining population growth and steady rise of income
  • Non-OECD GDP growth to 2025 expected to rise above historical average, reflecting higher income growth and slower population growth
  • Non-OECD GDP growth post-2025 projected to moderate as population growth slows further, while income growth is largely maintained
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