Global GDP Growth Slowing = Growth in 6 of Last 8 Years @ Below 20-Year Average Global Real GDP Growth (%), 1980 – 2015 6% 5% ) % 20-Year Avg ( h = 3.8% t 4% w o 35-Year Avg Gr = 3.5% P 3% l GD a e 2% l R a b Glo 1% 0% (1%) 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 Source: IMF WEO, 4/16. Stephen Roach, “A World Turned Inside Out,” Yale Jackson Institute for Global Affairs, 5/16. Note: GDP growth based on constant prices (real GDP growth). KPCB INTERNET TRENDS 2016 | PAGE 18