Table 1.
Interim Economic Outlook (EO), Year-on-Year Percentage Change in Real GDP Growth Forecasts for Selected Countries/Economies (OECD 2020)
| 2020 | 2021 | ||||
|---|---|---|---|---|---|
| Countries | 2019 | 2020 Interim EO | Difference from November EO | 2021 Interim EO | Difference from November EO |
| World | 2.9 | 2.4 | −0.5 | 3.3 | 0.3 |
| G20 | 3.1 | 2.7 | −0.5 | 3.5 | 0.2 |
| Australia | 1.7 | 1.8 | −0.5 | 2.6 | 0.3 |
| Canada | 1.6 | 1.3 | −0.3 | 1.9 | 0.2 |
| Euro Area | 1.2 | 0.8 | −0.3 | 1.2 | 0.0 |
| Germany | 0.6 | 0.3 | −0.1 | 0.9 | 0.0 |
| France | 1.3 | 0.9 | −0.3 | 1.4 | 0.2 |
| Italy | 0.2 | 0.0 | −0.4 | 0.5 | 0.0 |
| Japan | 0.7 | 0.2 | −0.4 | 0.7 | 0.0 |
| Korea | 2.0 | 2.0 | −0.3 | 2.3 | 0.0 |
| Mexico | −0.1 | 0.7 | −0.5 | 1.4 | −0.2 |
| Turkey | 0.9 | 2.7 | −0.3 | 3.3 | 0.1 |
| United Kingdom | 1.4 | 0.8 | −0.2 | 0.8 | −0.4 |
| United States | 2.3 | 1.9 | −0.1 | 2.1 | 1.1 |
| Argentina | −2.7 | −2.0 | −0.3 | 0.7 | 0.0 |
| Brazil | 1.1 | 1.7 | 0.0 | 1.8 | 0.0 |
| China | 6.1 | 4.9 | −0.8 | 6.4 | 0.9 |
| India | 4.9 | 5.1 | −1.1 | 5.6 | −0.8 |
| Indonesia | 5.0 | 4.8 | −0.2 | 5.1 | 0.0 |
| Russia | 1.0 | 1.2 | −0.4 | 1.3 | −0.1 |
| Saudi Arabia | 0.0 | 1.4 | 0.0 | 1.9 | 0.5 |
| South Africa | 0.3 | 0.6 | −0.6 | 1.0 | −0.3 |
Source: Own representation based on table in OECD (2020), p. 2. Note: G20 aggregate does not include the EU, and projections are based on data available to February 28, 2020