The Consumer Price Index and the Rate of Global Economic Growth in the Twenty-First Century : A Note

Extending the author's prior researches regarding the trend of economic growth in the twenty-first century; and in particular the indications of contracting Gross World Product (GWP) since 2012 when the current dollar figures are adjusted using the Consumer Price Index (CPI), in contrast with the more positive image produced by deflator-adjusted figures; this paper presents a set of estimates of CPI-adjusted per capita Gross Product for the world, its major regions, and selected major economies