GDP – International Comparisons: Key Economic Indicators

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

UK GDP fell by 2.0% in Q1 2020, compared with the previous quarter. This compares with -3.8% in the Eurozone and -1.2% in the US. In Germany, GDP fell by 2.2%, while in France it declined by 5.8%.

Forecasts

The IMF’s most recent forecasts, published 14 April, projected a sharp contraction in much of the world economy in 2020 due to Covid-19. The expected recovery results in higher than usual growth in 2021.