The term "World Economic Growth" refers to an increase in the overall wealth and production capacity of countries across the globe. This can be measured by factors such as gross domestic product (GDP), which represents the total value of goods and services produced within a country's borders over time, or other indicators like per capita income, employment rates, and consumer spending. Economic growth is typically seen as a positive indicator of a nation’s health and standard of living, but it can also have negative consequences such as inflation, environmental degradation, and social inequality if not managed properly. Overall, world economic growth refers to the collective progress and development of nations in terms of their economies.