Which country will have the biggest surge in growth?
A new report has found that the US, Brazil, and Australia all have potential to experience a massive growth in 2020, with the US leading the way.
The report from the International Monetary Fund (IMF) has identified three key drivers for economic growth in the world’s fastest-growing nation: higher education, innovation, and technology.
While education remains a key driver for economic expansion, the IMF’s study suggests that the rapid growth of high-tech, finance, and health care will also be critical drivers for future growth.
“We believe the rapid pace of economic growth will translate into higher productivity, greater wealth creation, and more innovative services for the population,” the IMF wrote in a note.
“Our forecasts are broadly consistent with our previous assessment of the factors that could be driving the growth of global GDP.”
While the US was the biggest driver of growth in this year’s report, it was followed by Brazil and Australia, with a combined GDP of $10.7 trillion.
The IMF’s growth forecast for 2020 is currently in the region of 3.1% per year, which is faster than the 1.6% per annum average growth rate seen in the last three years.
However, the economic growth for the next 10 years is set to be very different.
The average forecast for 2019-20 is now 3.4% with an estimated annual GDP growth of 6.2% over the period.
This will lead to a total of $18 trillion in economic growth by 2025, while a new study predicts that 2020 will see growth of just 1.5% per cent, which would be the lowest annual growth rate since the Great Recession of 2007-2009.
This new growth outlook is the result of a series of policy changes by the US and Brazil.
The Federal Reserve has cut interest rates, which will mean a higher price of money for the economy, and Brazil has also cut its deficit, which has allowed the country to avoid recession.
These new policies will be a huge boon for the global economy.
It is estimated that a 10% reduction in the US Federal Reserve’s rate would allow the country’s economy to grow by $3 trillion per year.
The global economy is expected to grow an average of 4.2%.
However, the US is predicted to grow 7.6%, Brazil 6.7%, and Australia 7.5%.
The new IMF report also points to the potential for a major surge in healthcare spending, which accounts for nearly half of the economy.
The growth in healthcare will drive up the cost of healthcare, and it will allow for faster economic growth.
The IMF’s forecast for healthcare spending is $2.3 trillion, which translates into a $1.6 trillion boost in GDP growth by 2020.
The health sector accounts for approximately 40% of the US economy, which makes it one of the fastest-expanding industries in the country.
By 2020, healthcare spending will account for about $6.5 trillion, up from $5.9 trillion in 2018.
This will result in the highest economic growth of any industry in the economy by 2020, and the first increase in economic activity in the past decade.
This is likely to be one of two key drivers of future economic growth, according to the IMF.
The other is the rising health care sector, which could drive growth of about 4% per se in 2020.