1098872635

Table 1.1. The global recovery will remain moderate

	OECD are 1998-2007	2008	2009	ed oth	2011	2012	-	04/04
				Per cent
Real GDP growth'	2.7	0.3	-3.5	2.9	2.3	2.8	2.8	2.4	3.0
United States	3.0	0.0	-2.6	2.9	2.6	3.1	2.8	2.7	3.3
Euro area	2.3	0.3	-4.1	1.7	2.0	2.0	2.0	2.1	2.2
	1 2	-1 2	-6.3	4 0	-0 9	9 9	24	0 3	1 S
Output gap^1	0.3	0.1	-4.9	-3.7	-3.2	-2.4
Unemployment ratę^2 3 4	6.4	6 0	8.2	8.3	7.9	7.4	8.2	7.7	7.1
Inflatlon^5	2.8	3.2	0.5	1.8	2.3	1.7	1.8	2.3	1.7
Fiscal balance^6	-2.1	-3.3	-8.2	-7.7	-6.7	-5.6
Memorandum Items
World real trade growth	6.8	3.1	-10.8	12.5	8.1	8.4	11.2	8.2	8.5
World real GDP growth^6	3.8	2.6	-1.0	4.9	4.2	4.6	4.8	4.2	4.8

http://iix.doi.org/10.1787/888932434124

1

   Per cent ot potentia! GDP.

2

   Per cera ot labour (orce.

3

   Priuate ccnsumption deflator. Year-on-year increase; last 3 columns show the increase over a year earfer

4

   Per cent ot GDP.

5

   Year-on-year increase; łast ihree columns siww the increase over a yeai earlier

6

   Moving nominał GDP weights, using purchasing power parities.

Source: OECD Economic Outlook 89 database.