Academic journal article National Institute Economic Review

Appendix B: Forecast Detail

Academic journal article National Institute Economic Review

Appendix B: Forecast Detail

Article excerpt

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DOI: 10.1177/0027950111411372

Table B1. Real GDP growth and inflation

                          Real GDP growth (per cent)

                 2008   2009    2010   2011   2012   2013-17

Australia         2.6     1.3    2.7    2.5    3.1     2.6
Austria           2.2    -3.9    2.1    2.1    2.0     1.5
Belgium           0.8    -2.7    2.1    2.0    1.5     1.8
Bulgaria          6.2    -5.5    0.1    2.6    4.2     2.6
Brazil            5.2    -0.7    7.5    3.9    4.0     3.6
China             9.3     8.9   10.4    9.1    7.6     7.0
Canada            0.5    -2.5    3.1    2.9    2.7     2.5
Czech Republic    2.3    -4.0    2.2    2.6    3.2     1.8
Denmark          -1.1    -5.2    2.1    2.0    1.9     1.9
Estonia          -5.1   -13.9    3.1    4.2    4.2     2.4
Finland           1.0    -8.3    3.1    3.6    2.6     2.0
France            0.1    -2.5    1.5    1.6    1.9     1.9
Germany           0.7    -4.7    3.5    2.6    2.3     2.1
Greece            1.0    -2.0   -4.5   -2.5    2.1     2.1
Hong Kong         2.3    -2.7    6.8    4.9    4.4     2.4
Hungary           0.6    -6.5    1.1    2.8    3.1     2.4
India             6.4     5.7   10.4    7.9    7.6     6.4
Ireland          -3.6    -7.6   -1.0    0.0    2.6     3.0
Italy            -1.3    -5.2    1.2    1.0    1.6     1.5
Japan            -1.2    -6.3    4.0    1.1    2.7     1.5
Lithuania         2.8   -14.7    1.3    2.9    4.6     3.1
Latvia           -4.1   -17.8   -0.5    3.9    4.3     2.5
Mexico            1.5    -6.1    5.5    4.1    4.6     3.6
Netherlands       1.9    -3.9    1.8    1.8    1.8     1.5
New Zealand      -0.9     0.0    2.3    0.8    3.1     2.7
Norway            0.6    -1.2    0.4    2.6    3.0     1.9
Poland            5.0     1.7    3.8    4.2    4.8     3.6
Portugal          0.0    -2.5    1.4   -1.3    0.4     1.5
Romania           7.4    -7.1   -1.3    1.5    3.1     3.4
Russia            5.2    -7.9    4.0    4.6    5.8     4.6
South Africa      3.4    -1.7    4.2    3.3    3.3     3.3
5. Korea          2.3     0.3    6.2    4.4    4.6     3.8
Slovakia          5.8    -4.8    4.0    4.2    4.6     2.7
Slovenia          3.5    -8.4    1.1    2.3    2.7     2.1
Spain             0.9    -3.7   -0.1    0.9    1.5     2.9
Sweden           -0.8    -5.3    5.3    4.2    2.4     2.0
Switzerland       1.9    -1.9    2.6    2.3    2.5     2.1
Taiwan            0.7    -1.9   10.8    4.3    4.5     4.4
UK               -0.1    -4.9    1.3    1.4    2.0     2.5
US                0.0    -2.6    2.9    2.6    2.6     2.8
Euro Area         0.3    -4.0    1.7    1.7    1.9     2.0
EU-27             0.4    -4.2    1.7    1.8    2.1     2.1
OECD              0.3    -3.5    2.9    2.4    2.6     2.5
World             2.8    -0.6    5.2    4.4    4.4     3.9

                       Annual inflation (a) (per cent)

                 2008   2009   2010   2011   2012    2013-17

Australia         2.8    1.6    1.9    2.7     2.4     2.6
Austria           3.2    0.4    1.7    2.8     1.8     2.1
Belgium           4.5    0.0    2.3    3.7     2.4     2.0
Bulgaria         11.9    2.5    3.0    2.4     4.0     2.4
Brazil            5.6    4.9    5.1    4.9     3.4     5.2
China             5.8   -0.7    3.3    4.6     4.0     1.8
Canada            1.6    0.5    1.3    3.0     2.6     2.0
Czech Republic    6.3    0.6    1.2    2.1     2.5     2.4
Denmark           3.6    1.1    2.2    2.6     2.1     1.7
Estonia          10.6    0.2    2.7    4.1     4.1     2.7
Finland           3.9    1.6    1.7    3.7     2.1     2.2
France            3.2    0.1    1.7    2.7     2.4     2.1
Germany           2.7    0.2    1.2    2.4     2.1     2.1
Greece            4.2    1.3    4.7    3.3     2.0     2.8
Hong Kong         2.9   -1.6    0.8    3.0     3.4     3.1
Hungary           6. … 
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