Figure 1. World Output and Inflation (Annual percent change) Top Panel World Average 1970 5.1 4.1 1971 5.1 4.1 1972 5.1 4.1 1973 7.1 4.1 1974 3.1 4.1 1975 2.1 4.1 1976 5.1 4.1 1977 5.1 4.1 1978 5.1 4.1 1979 4.1 4.1 1980 2.1 4.1 1981 2.1 4.1 1982 1.1 4.1 1983 3.1 4.1 1984 5.1 4.1 1985 4.1 4.1 1986 4.1 4.1 1987 4.1 4.1 1988 5.1 4.1 1989 4.1 4.1 1990 3.1 4.1 1991 2.1 4.1 1992 3.1 4.1 1993 3.1 4.1 1994 4.1 4.1 1995 4.1 4.1 1996 4.1 4.1 1997 4.1 4.1 1998 4.1 4.1 1999 4.1 4.1 2000 5.1 4.1 2001 5.1 4.1 2002 5.1 4.1 Inflation Bottom panel Advamced Developing economies countries 1970 6.1 4.1 1971 6.1 5.1 1972 6.1 6.1 1973 8.1 11.1 1974 13.1 17.1 1975 12.1 14.1 1976 9.1 10.1 1977 9.1 11.1 1978 8.1 10.1 1979 9.1 11.1 1980 11.1 14.1 1981 10.1 13.1 1982 8.1 10.1 1983 6.1 9.1 1984 6.1 10.1 1985 5.1 9.1 1986 4.1 8.1 1987 3.1 8.1 1988 4.1 8.1 1989 4.1 9.1 1990 5.1 10.1 1991 5.1 12.1 1992 3.1 10.1 1993 3.1 9.1 1994 2.1 12.1 1995 2.1 10.1 1996 2.1 7.1 1997 2.1 5.1 1998 2.1 5.1 1999 2.1 4.1 2000 2.1 4.1 2001 2.1 4.1 2002 2.1 4.1 "Source: World Economic Outlook, October 1997" ©1997 International Monetary Fund