Year 5 Economic Forecast Now there is real trouble. A major financial crisis in emerging markets in Asia and Latin America has spilled over to other parts of the world and has pushed several major countries in recession. Developed countries are feeling the impact, and world economic growth is expected to be only 1.0% next year. Forecast World Economic Growth % 1.0 Econland Consumer Confidence Index The Consumer Confidence Index is determined by the world economic growth forecast as well as by Econland's performance on GDP growth and unemployment last year. 101