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: -1.8% Q1 2020/Q4 2019
Consumer price inflation: 0.9% Apr 2020 annual
Trade (G20): -4.3% exp, -3.9% imp, Q1 2020/Q4 2019
Unemployment: 8.4% Apr 2020
Last update: 9 July 2020

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