Wednesday September 22Key forecasts in IMF World Economic Outlook
WASHINGTON, Sept 22 (Reuters) - The International Monetary Fund issued the
following projections for world output in 1999 and 2000.
(Annual percent change unless otherwise noted)
Current Differences from May
Projections 1999 Projections
1998 1999 2000 1999 2000
World output 2.5 3.0 3.5 0.7 0.1
Advanced economies 2.2 2.8 2.7 0.8 0.4
Major industrial
countries 2.2 2.6 2.4 0.7 0.4
United States 3.9 3.7 2.6 0.4 0.4
Japan -2.8 1.0 1.5 2.4 1.2
Germany 2.3 1.4 2.5 -0.1 -0.3
France 3.2 2.5 3.0 0.3 0.1
Italy 1.3 1.2 2.4 -0.3 0.0
Britain 2.2 1.1 2.4 0.4 0.3
Canada 3.1 3.6 2.6 1.0 0.1
Other advanced
economies 2.1 3.5 3.6 1.0 0.2
Industrial countries 2.4 2.6 2.5 0.6 0.3
Euro area 2.8 2.1 2.8 0.1 -0.1
Newly industrialized
Asian economies -1.8 5.2 5.1 3.1 0.6
Developing countries 3.2 3.5 4.8 0.4 -0.1
Africa 3.4 3.1 5.0 -0.1 -0.1
Asia 3.7 5.3 5.4 0.6 -0.3
China 7.8 6.6 6.0 0.0 -1.0
India 5.8 5.7 5.5 0.5 0.4
ASEAN-4 (1) -9.8 1.4 3.6 2.5 0.6
Middle East & Europe 3.2 1.8 3.1 -0.2 -0.2
Western Hemisphere 2.2 0.1 3.9 0.6 0.4
Brazil 0.1 -1.0 4.0 2.8 0.3
Countries in transition -0.2 0.8 2.8 1.7 0.3
Central & eastern Europe 2.2 1.0 3.3 -1.0 -0.4
Excluding Belarus and
Ukraine 2.3 1.7 4.0 -1.3 -0.6
Russia -4.6 0.0 2.0 7.0 2.0
Transcaucasus & central
Asia 2.2 2.0 2.9 0.2 -0.2
Note: Real effective exchange rates are assumed to remain constant
at the levels prevailing during July 26-August 16, 1999.
(1) Indonesia, Malaysia, the Philippines, and Thailand.