The line graph presents the data of GDP growth as forecasted by the World Bank over an eight-year period from 2008 to 2015. The overall trend shows the rise of GDP growth after a dip of -3% in the year 2009 and has plateaued since 2010 and forecasted a slight rise until 2015. This essay will discuss the detail of GDP growth within the eight-year period from 2008 to 2015 according to the World Bank Forecast.
Back in the year 2008, the GDP growth started off low with a -0.3% and then decreased further in 2009 with a -3.1%, an all-time low across the period. The GDP increased sharply up to 2.4% in 2010 leaving the negative values from the previous years with a 5.5% difference. Since then, the growth has stabilized in 2011 and 2012 with 1.0% and 2.2%, respectively.
In relation to the future, the World Bank predicts a steady rise of GDP from years 2014 to 2015. In year 2014, the GDP’s growth will be about 2.8% coming from a slight increase of 0.8% from 2013. Lastly, the GDP is coming to an all-time high of 3.0% in year 2015 over the eight-year period of forecast by the World Bank.