You are here:

House of Commons Library

GDP - International Comparisons: Key Economic Indicators

Published Friday, May 4, 2018

GDP International Comparisons: data and forecasts for the UK and the world's largest economies.

Jump to full report >>

GDP in the UK grew by 0.1% in Q1 2018 compared with the previous quarter. The US saw growth of 0.6% during the same quarter, with the Eurozone recording growth of 0.4%.

 G7 quarterly GDP growth in Q1 2018

Forecasts

The European Commission released new forecasts on 3 May. These raised UK GDP growth forecasts for 2018 slightly to 1.5%, from 1.4% in their previous February forecast, althouth this is below its forecasts for the Eurozone (2.3%) and is the equal lowest forecast in the EU along with Italy.

IMF forecasts released on 17 April raised UK GDP growth forecasts for 2018 slightly to 1.6% from 1.5% in their previous January forecast, while for 2019 it was unchanged at 1.5%. 2018 growth forecasts were raised in the US (to 2.9%) and the Eurozone (to 2.4%).

 IMF forecasts for GDP growth in 2018

 

Commons Briefing papers SN02784

Author: Daniel Harari

Topics: Economic situation, International economic relations, World economy

Share this page

Stay up to date

  • Subscribe to RSS feed Subscribe to Email alerts Commons Briefing papers

House of Commons Library

The House of Commons Library provides research, analysis and information services for MPs and their staff.