Global Economic Outlook 2019: Europe—Thriving in a Slow-growing Europe

In the next decade, global growth will remain below 3 percent, a modest performance compared to recent years and to better times before the global financial crisis. The contribution of Europe to this performance is small, with its expected output growth rate of 1.4 percent a year. The Conference Board Global Economic Outlook estimates confirm that Europe is not the most dynamic region in the world, largely because of demographic trends toward ageing and shrinking populations. However, the size of the EU market, efficient value chains, and dynamism of some countries (with high levels of productivity and education) still present opportunities.