In 2019, the world bond market growth rate held steady at 4.6%, matching the prior year level and just 0.1% off the 23 year low of 4.5% set in 2014. In the 15 years following 1998, the year the Euro was adopted, the growth rate had never dipped below 6%. But the growth rate contracted to just 4.5% in 2014 – a 26% drop-off from 2013’s 6.1% reading – and it has held steady in the 4.5% to 4.8% range ever since.
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