GDP - International comparisons: Economic Indicators page - Commons Library Standard Note

Published 02 August 2013 | Standard notes SN02784

Authors: Daniel Harari

Topic: Economic situation, International economic relations, World economy

In Q2 2013, GDP in the UK grew by 0.6% (compared with the previous quarter), while in the US it rose by 0.4%. Q2 data in the eurozone is not yet available. In Q1 2013 GDP growth in the eurozone contracted by 0.3% - its sixth consecutive quarterly contraction. Italian GDP fell by 0.6%, while in France there was a 0.2% decline. German GDP rose slightly (by 0.1%).

In July 2013, the IMF lowered their 2013 forecast for world GDP growth, last made in April 2013, by 0.2%-points to 3.1%. Forecasts for the UK were raised from +0.7% to +0.9% in 2013 (2014 forecasts were unchanged). Meanwhile 2013 GDP growth forecasts were lowered for Germany (from 0.6% to 0.3%), France (from -0.1% to -0.2%), the eurozone (from -0.3% to -0.6%) and the US (from 1.9% to 1.7%).

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