Page 11 - Bombardier Market Forecast
P. 11
current market drivers
Bombardier Business Aircraft | Market Forecast 2011-2030 11
The Bombardier Aerospace Business Aircraft Demand for business jets is increasing with
Market Forecast uses an econometric model
based on several market drivers to forecast the resumption of global economic growth.
business jet demand. The most significant
drivers are detailed below. Prospect for World GDP Growth
World GDP growth forecast (percent change), 2007-2013
Economic Market Drivers 5%
Global Economy 4%
4.0% 3.9%
The state of the world economy, and that 3.5% 3.5% 3.7%
of individual countries, is a key factor in the 3%
demand for air travel. For most of 2008 and
2009, the worldwide economy experienced a 2%
sharp downturn. The last recession was the 1.6%
result of a major financial crisis that had an 1%
impact in all regions of the globe, when world 0%
real GDP shrank at an annual rate of 2.1%
in 2009. Concerted efforts by all state -1%
governments helped the economy to find
the path toward growth in the second half of -2% -2.1%
2009. As a result, the world GDP rebounded
by 3.9% in 2010, led by strong growth in -3%
emerging economies and an improved U.S. 2007 2008 2009 2010 2011 2012 2013
economy. For 2011, the world economy is Sources: IHS Global Insight, February 2011.
expected to continue growing at an annual
rate of 3.5%, and to stabilize at approximate-
ly 3.4% per year in the longer term.
recovery seems, however, to be in the International Monetary Fund talks about a
In its June 2011 Economic Outlook, the process of becoming self-sustained, with two-speed recovery. They expect the world
OECD stated: “This is a delicate moment for trade and investment gradually replacing economy to grow at about 4.5% a year in
the global economy, and the crisis is not fiscal and monetary stimulus as the both 2011 and 2012, but with advanced
over until our economies are creating enough principal drivers of economic growth. economies growing at only 2.5% percent,
jobs again.” More than 50 million people are and emerging and developing economies
currently jobless in the OECD area. The In its latest World Economic Outlook, the grow at a much higher 6.5% percent.
Bombardier Business Aircraft | Market Forecast 2011-2030 11
The Bombardier Aerospace Business Aircraft Demand for business jets is increasing with
Market Forecast uses an econometric model
based on several market drivers to forecast the resumption of global economic growth.
business jet demand. The most significant
drivers are detailed below. Prospect for World GDP Growth
World GDP growth forecast (percent change), 2007-2013
Economic Market Drivers 5%
Global Economy 4%
4.0% 3.9%
The state of the world economy, and that 3.5% 3.5% 3.7%
of individual countries, is a key factor in the 3%
demand for air travel. For most of 2008 and
2009, the worldwide economy experienced a 2%
sharp downturn. The last recession was the 1.6%
result of a major financial crisis that had an 1%
impact in all regions of the globe, when world 0%
real GDP shrank at an annual rate of 2.1%
in 2009. Concerted efforts by all state -1%
governments helped the economy to find
the path toward growth in the second half of -2% -2.1%
2009. As a result, the world GDP rebounded
by 3.9% in 2010, led by strong growth in -3%
emerging economies and an improved U.S. 2007 2008 2009 2010 2011 2012 2013
economy. For 2011, the world economy is Sources: IHS Global Insight, February 2011.
expected to continue growing at an annual
rate of 3.5%, and to stabilize at approximate-
ly 3.4% per year in the longer term.
recovery seems, however, to be in the International Monetary Fund talks about a
In its June 2011 Economic Outlook, the process of becoming self-sustained, with two-speed recovery. They expect the world
OECD stated: “This is a delicate moment for trade and investment gradually replacing economy to grow at about 4.5% a year in
the global economy, and the crisis is not fiscal and monetary stimulus as the both 2011 and 2012, but with advanced
over until our economies are creating enough principal drivers of economic growth. economies growing at only 2.5% percent,
jobs again.” More than 50 million people are and emerging and developing economies
currently jobless in the OECD area. The In its latest World Economic Outlook, the grow at a much higher 6.5% percent.
