Table 1. Overview of the World Economic Outlook
Projections
(Annual percent change unless otherwise noted)
|
| ||||||||
|
|
|
|
Current
Projections |
Differences from May 1996
Projections | ||||
|
|
1994 |
1995 |
1996 |
1997 |
1996 |
1997 | ||
|
| ||||||||
|
World output |
3.7 |
3.5 |
3.8 |
4.1 |
— |
–0.1 | ||
|
Industrial countries |
2.8 |
2.1 |
2.3 |
2.5 |
0.3 |
–0.1 | ||
|
Major industrial countries |
2.8 |
2.0 |
2.2 |
2.5 |
0.3 |
–0.1 | ||
|
United States |
3.5 |
2.0 |
2.4 |
2.3 |
0.6 |
0.2 | ||
|
Japan |
0.5 |
0.9 |
3.5 |
2.7 |
0.8 |
–0.3 | ||
|
Germany |
2.9 |
1.9 |
1.3 |
2.4 |
0.3 |
–0.6 | ||
|
France |
2.8 |
2.2 |
1.3 |
2.4 |
— |
–0.3 | ||
|
Italy |
2.2 |
3.0 |
1.1 |
2.2 |
–1.3 |
–0.5 | ||
|
United Kingdom |
3.9 |
2.5 |
2.2 |
3.0 |
— |
0.3 | ||
|
Canada |
4.1 |
2.3 |
1.4 |
3.2 |
–0.5 |
0.3 | ||
|
Other industrial countries |
3.0 |
2.8 |
2.3 |
2.6 |
–0.1 |
— | ||
|
| ||||||||
|
Memorandum | ||||||||
|
European Union |
2.8 |
2.5 |
1.6 |
2.5 |
–0.2 |
–0.2 | ||
|
| ||||||||
|
Developing countries |
6.6 |
5.9 |
6.3 |
6.2 |
–0.1 |
–0.3 | ||
|
Africa |
2.9 |
3.0 |
5.0 |
5.0 |
–0.3 |
0.5 | ||
|
Asia |
9.1 |
8.6 |
8.0 |
7.5 |
–0.2 |
–0.2 | ||
|
Middle East and Europe |
0.5 |
3.6 |
3.9 |
3.3 |
0.9 |
–0.5 | ||
|
Western Hemisphere |
4.7 |
0.9 |
3.0 |
4.0 |
–0.2 |
–0.7 | ||
|
| ||||||||
|
Countries in transition |
–8.8 |
–1.3 |
0.4 |
4.0 |
–2.1 |
0.2 | ||
|
Central and eastern Europe |
–2.9 |
1.2 |
1.6 |
4.2 |
–1.4 |
— | ||
|
Excluding Belarus and Ukraine |
3.4 |
4.9 |
4.2 |
4.7 |
–0.3 |
0.2 | ||
|
Russia, Transcaucasus, and central Asia |
–14.8 |
–4.1 |
–0.9 |
3.8 |
–2.9 |
0.5 | ||
|
| ||||||||
|
World trade volume (goods and services) |
8.8 |
8.9 |
6.7 |
7.2 |
0.3 |
0.1 | ||
|
Imports | ||||||||
|
Industrial countries |
9.3 |
7.8 |
5.3 |
5.5 |
0.4 |
0.5 | ||
|
Developing countries |
8.1 |
11.6 |
11.3 |
10.1 |
1.2 |
–1.5 | ||
|
Countries in transition |
3.5 |
13.3 |
12.3 |
8.5 |
0.7 |
–1.6 | ||
|
| ||||||||
|
Exports | ||||||||
|
Industrial countries |
8.3 |
7.3 |
4.3 |
6.0 |
–0.5 |
0.6 | ||
|
Developing countries |
11.1 |
11.5 |
10.3 |
10.7 |
0.2 |
–0.5 | ||
|
Countries in transition |
4.6 |
12.2 |
10.7 |
6.2 |
1.8 |
–1.1 | ||
|
| ||||||||
|
Commodity prices | ||||||||
|
Oil1 | ||||||||
|
In SDRs |
–7.8 |
1.9 |
17.8 |
–7.6 |
13.0 |
–0.4 | ||
|
In U.S. dollars |
–5.5 |
8.0 |
13.2 |
–7.6 |
11.8 |
–0.3 | ||
|
Nonfuel2 | ||||||||
|
In SDRs |
10.8 |
2.1 |
4.8 |
–2.4 |
2.9 |
–0.9 | ||
|
In U.S. dollars |
13.6 |
8.2 |
0.7 |
–2.5 |
2.1 |
–0.8 | ||
|
| ||||||||
|
Consumer prices | ||||||||
|
Industrial countries |
2.3 |
2.4 |
2.3 |
2.4 |
— |
–0.1 | ||
|
Developing countries |
46.8 |
19.8 |
13.3 |
10.8 |
0.7 |
1.0 | ||
|
Countries in transition |
264.8 |
128.0 |
41.3 |
16.8 |
3.2 |
3.2 | ||
|
| ||||||||
|
Six-month LIBOR (in percent)3 | ||||||||
|
On U.S. dollar deposits |
5.1 |
6.1 |
5.6 |
6.0 |
0.2 |
0.4 | ||
|
On Japanese yen deposits |
2.4 |
1.3 |
1.0 |
2.4 |
— |
— | ||
|
On deutsche mark deposits |
5.3 |
4.6 |
3.3 |
3.8 |
— |
–0.7 | ||
|
| ||||||||
| ||||||||
|
| ||||||||
Return to text
Return to Table of Contents