What is the state of the world? After a decade-long economic expansion, growth in advanced economies is expected to slow, in part due to trade tensions and the Brexit uncertainty. The International Monetary Fund, IMF, estimates that these tensions may take away 0,8 percentage points from global growth. Economic growth in both China and India is expected to slow to about 6,1% this year. Growth in both these countries accelerated after far-reaching structural reforms. The average person in China today is seven times richer than 25 years ago. The average person in India has become three and a half times richer over the same period. Meanwhile, the average South African is only 1,3 times better.