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: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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