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GDP - International Comparisons: Key Economic Indicators

Published Wednesday, July 20, 2016

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

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Real GDP in the UK grew by 0.4% in Q1 2016 compared with the previous quarter. In the same quarter, the Eurozone saw growth of 0.6%, while the US grew by 0.3%.

GDP growth in Q1 2016 for G7

Forecasts

On 19 July, the IMF lowered its 2016 GDP growth forecast for the UK from 1.9% (at the time of the last forecast in April) to 1.7% and from 2.2% to 1.3% for 2017. The IMF cited uncertainty following the UK’s decision to leave the EU as the reason for its downgrade.

IMF 2016 GDP growth forecasts for G7

 

Commons Briefing papers SN02784

Author: Daniel Harari

Topics: Economic situation, International economic relations, World economy

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