Outlook summary

Real GDP growth (% change)  
United States2.22.02.2
Euro area2.61.92.0
Total OECD2.72.32.4
Inflation* (%)   
United States2.62.12.0
Euro area2.22.22.3
Total OECD2.32.12.1
Unemployment (%)   
United States4.65.05.0
Euro area6.86.46.4
Total OECD5.45.45.3
Current account balance (% of GDP) 
United States-5.6-5.4-5.3
Euro area0.2-0.1-0.2
Total OECD-1.4-1.4-1.4
Short-term interest rate (%)  
United States5.34.64.7
Euro area4.34.24.1
World trade growth (% change)

Economic data

GDP growth: +0.6% Q1 2019 year-on-year
Consumer price inflation: 2.3% May 2019 annual
Trade: +0.4% exp, -1.2% imp, Q1 2019
Unemployment: 5.2% July 2019
Last update: 9 September 2019

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