world economy vs world's economy

Both 'world economy' and 'world's economy' are correct, but they are used in slightly different contexts. 'World economy' is a more common and general term referring to the global economic system, while 'world's economy' is used when specifically referring to the economy of the entire world as a possessive form.

Last updated: March 31, 2024 • 410 views

world economy

This phrase is correct and commonly used in English to refer to the global economic system.

Use 'world economy' when talking about the overall economic system of the world or the global economy.

Examples:

The pandemic has had a significant impact on the world economy.
Experts are predicting growth in the world economy next year.

Alternatives:

global economy
international economy
global economic system
worldwide economy
global financial system

world's economy

This phrase is correct and is used when specifically referring to the economy of the entire world in a possessive form.

Use 'world's economy' when emphasizing the possessive form of the world's economy, such as 'The world's economy is facing challenges.'

Examples:

The world's economy is interconnected and interdependent.
The pandemic has affected the world's economy in various ways.

Alternatives:

global economy's
international economy's
global economic system's
worldwide economy's
global financial system's

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world economy vs world's economy

world economy

world's economy

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