Xa Agg World
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Global economic outlook Economic indicators for the world* Data effective date: 01 October 2014 2013 (A) 2014 (E) 2015 (F) 2016 (F) Economic growth (1) 2.3% 2.7% 3.1% 3.1% Inflation (2) 3.7% 3.7% 3.8% 3.7% Key: A: Actual figure E: Estimated figure F: Forecasted figure 1. GDP (% real change per annum): Percentage change in real GDP, over previous year. 2. Consumer prices (% change per annum; period average): Percentage change in consumer price index in local currency (period average), over previous year. * Please note that the Economic Indicators above are taken from The Economist Intelligence Unit** and where possible are common across all reports. There may be differences with figures quoted in the text where they are from sources using alternative measurement criteria. * Please note that the aggregate data for the world is an EIU calculation, and is derived from data for 117 countries (excl. countries with limited data coverage). Understanding the economic indicators Economic growth Following a sharp deceleration in late-2011 and 2012, global economic growth strengthened mildly to 2.3% in 2013. This trend was largely driven by improving economic activity in the world’s advanced economies. Economic growth will recover further during the current outlook period In 2014, growth will be buoyed by improving demand in the world’s advanced economies. Economic growth (regional comparisons) 0 1 2 3 4 5 6 2012 2013 2014 2015 2016 Year E c o n o m i c g r o w t h ( % c h a n g e i n r e a l G D P , o v e r p r e v i o u s y e a r ) W orld (Aggregate) OECD (Aggreg ate) Non-OECD (Aggreg ate) Data extraction date: 01/10/2014 As seen in the figure above, global economic growth is expected to reco ver in 2014 and 2015. This will be largely driven by improving economic activity in the world’s advanced economies following several years of sluggish activity. Inflation
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Transcript of Xa Agg World
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Global economic outlook Economic indicators for the world*
Data effective date: 01 October 2014 2013 (A) 2014 (E) 2015 (F) 2016 (F)
Economic growth (1) 2.3% 2.7% 3.1% 3.1%
Inflation (2) 3.7% 3.7% 3.8% 3.7%
Key: A: Actual figure E: Estimated figure F: Forecasted figure
1. GDP (% real change per annum): Percentage change in real GDP, over previous year. 2. Consumer prices (% change per annum; period average): Percentage change in consumer price index
in local currency (period average), over previous year. * Please note that the Economic Indicators above are taken from The Economist Intelligence Unit** and where possible are common across all reports. There may be differences with figures quoted in the text where they are from sources using alternative measurement criteria. * Please note that the aggregate data for the world is an EIU calculation, and is derived from data for 117 countries (excl. countries with limited data coverage).
Understanding the economic indicators Economic growth Following a sharp deceleration in late-2011 and 2012, global economic growth strengthened mildly to 2.3% in 2013. This trend was largely driven by improving economic activity in the worlds advanced economies. Economic growth will recover further during the current outlook period In 2014, growth will be buoyed by improving demand in the worlds advanced economies.
Economic growth (regional comparisons)
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2012 2013 2014 2015 2016
Year
Eco
no
mic
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wth
(%
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GD
P,
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ear) World (Aggregate)
OECD (Aggregate)
Non-OECD (Aggregate)
Data extraction date: 01/10/2014
As seen in the figure above, global economic growth is expected to recover in 2014 and 2015. This will be largely driven by improving economic activity in the worlds advanced economies following several years of sluggish activity. Inflation
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Weak demand-side pressures and easing commodity prices allowed inflation to decelerate to an average of 3.7% in 2013. Following this reduction, improving demand and less favorable bass effects will cause inflation to remain stable in 2014. Hereafter, current indicators suggest inflation will increase to 3.8% in 2015, before slipping back to 3.7% in 2016.
