The above infographic explains the real GDP growth estimates between 2018 and 2019 by region. GDP given in constant prices and refers to the volume level of GDP. Constant price estimates of GDP are obtained by expressing values of all goods and services produced in a given year, expressed in terms of a base period.
Its forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgment. This indicator is measured in growth rates compared to the previous year.
The United States experienced around a 3 percent growth in real GDP in 2018. Heading into 2019, the U.S. can expect closer to a 2.4 real GDP growth rate. These reduced growth rates come after the trade war between the U.S. and China hit a crescendo towards the end of the year.
Image source: https://www.statista.com/chart/16503/real-gdp-growth/
Image license: CC-BY-ND