In September 2011, the International Monetary Fund (IMF) projected that the year-on-year growth rate of the global economy would be 4.0 percent in both 2011 and 2012 and 4.5 percent in 2013.
Although these projections are down from those in June, taking into account the fact that advanced economies are decelerating, they are not necessarily low given that they are at around the same level as the average annual growth rate of 4.1 percent observed in the period from 2000 until 2008, the year that Lehman Brothers failed.