World Economic Forum (WEF) projects global GDP to rise by $56 trillion in five years

Key facts

• The World Economic Forum (WEF) estimates global GDP will increase by about USD 56 trillion over the next five years.
• The projected growth is attributed to advancements in artificial intelligence, quantum computing and other emerging technologies.
• The report identifies information technology services, advanced manufacturing, energy and other technology‑driven industries as the largest growth opportunities.
• Agriculture, education, healthcare, tourism and transport services are also expected to benefit from increased innovation and modernisation.
• Information technology services, advanced manufacturing, health and healthcare, and accommodation and leisure are highlighted as key drivers of global economic growth.
• Real estate, electronics, insurance and pensions, and chemicals and materials are noted as sectors less likely to drive major growth.
• Emerging markets face new challenges from geo‑economic fragmentation and the expansion of AI and robotics reshaping traditional development models.
• The WEF warns of risks including rising debt levels, societal polarisation and the impact of climate change.
• Advancements in frontier technologies and accelerated green and energy transitions are expected to support the economic expansion.