Table 2.

Quarterly model effects: global and regional GDP (percentage change).

Region	Quarter
	2020:1	2020:2	2020:3	2020:4	2021:1	2021:2	2021:3	2021:4
World	−0.80	−2.97	−2.23	−1.54	0.39	0.96	0.98	0.81
Australia	−0.57	−2.51	−2.03	−1.38	0.41	0.98	1.00	0.77
Rest of Oceania	−0.54	−2.27	−1.85	−1.35	0.26	0.82	0.82	0.73
China	−1.51	−5.68	−4.58	−3.59	0.36	1.95	2.18	1.79
Japan	−0.84	−2.59	−1.90	−1.21	0.53	0.99	0.96	0.75
Korea	−1.13	−3.62	−2.83	−2.00	0.27	1.16	1.39	1.26
India	−0.09	−0.74	−0.56	−0.31	0.31	0.42	0.41	0.35
Indonesia	−0.70	−2.50	−1.94	−1.41	0.25	0.93	1.10	1.02
Singapore	−2.40	−7.35	−5.84	−4.52	−0.31	1.84	2.60	2.53
Rest of Asia	−0.65	−3.22	−2.53	−1.87	0.02	0.66	0.95	0.85
Canada	−0.76	−3.19	−2.33	−1.69	0.42	1.07	0.99	0.79
United States	−0.52	−1.86	−1.24	−0.64	0.48	0.52	0.40	0.32
Mexico	−0.08	−0.50	−0.31	−0.15	0.23	0.37	0.37	0.34
Argentina	−0.57	−2.24	−1.75	−1.25	0.12	0.63	0.75	0.62
Brazil	−0.25	−1.07	−0.71	−0.50	0.28	0.50	0.47	0.45
Rest of South America	−0.42	−1.99	−1.49	−1.04	0.30	0.69	0.71	0.56
France	−1.01	−3.83	−2.78	−1.91	0.60	1.30	1.25	0.96
Germany	−1.06	−3.92	−2.85	−1.96	0.50	1.26	1.29	1.04
Italy	−0.54	−2.21	−1.73	−1.26	0.23	0.70	0.77	0.64
Great Britain	−1.21	−4.40	−3.28	−2.29	0.63	1.52	1.49	1.16
Rest of EU	−1.38	−5.07	−4.06	−3.16	0.13	1.46	1.70	1.41
Rest Europe	−0.84	−3.07	−2.26	−1.50	0.39	0.96	1.07	0.92
Russia	−0.46	−2.05	−1.71	−1.31	0.05	0.65	0.89	0.90
Former Soviet Union	−0.60	−2.68	−2.18	−1.62	0.10	0.70	0.84	0.75
Turkey	−0.10	−0.74	−0.59	−0.38	0.04	0.16	0.27	0.30
Rest of Middle East	−0.26	−1.45	−1.08	−0.71	0.31	0.55	0.55	0.51
South Africa	−0.51	−2.13	−1.56	−1.12	0.26	0.71	0.70	0.60
Rest of Africa	−0.41	−2.37	−1.87	−1.48	0.13	0.67	0.65	0.52