| Economic Indicators: G7 & Europe | ||||||
| Forecast | ||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | ||
| Real GDP (annual per cent change) | ||||||
| G7 (30.1%)* | 2.0 | 1.6 | -5.6 | 4.2 | 3.1 | |
| U.S. | 3.0 | 2.2 | -4.0 | 3.4 | 3.3 | |
| Japan | 0.3 | 0.7 | -5.1 | 3.1 | 2.6 | |
| Euro Area | 1.9 | 1.3 | -7.4 | 6.3 | 3.9 | |
| Germany | 1.3 | 0.6 | -5.4 | 5.7 | 3.0 | |
| France | 1.8 | 1.5 | -9.1 | 7.1 | 2.9 | |
| Italy | 0.7 | 0.3 | -9.9 | 6.5 | 3.0 | |
| United Kingdom | 1.3 | 1.5 | -10.4 | 4.9 | 3.4 | |
| Canada | 2.0 | 1.7 | -5.6 | 4.1 | 3.2 | |
| Consumer Price Index (annual per cent change) | ||||||
| G7 | 2.1 | 1.5 | 0.9 | 1.8 | 1.5 | |
| U.S. | 2.4 | 1.8 | 1.3 | 2.6 | 2.2 | |
| Japan | 1.0 | 0.5 | 0.2 | 1.2 | 1.5 | |
| Euro Area | 1.8 | 1.2 | 0.4 | 1.1 | 1.5 | |
| Germany | 2.0 | 1.3 | 0.8 | 1.4 | 1.5 | |
| France | 2.1 | 1.3 | 0.5 | 1.0 | 1.4 | |
| Italy | 1.4 | 0.6 | -0.1 | 0.7 | 1.0 | |
| United Kingdom | 2.5 | 1.8 | 0.9 | 1.4 | 1.9 | |
| Canada | 2.2 | 2.0 | 0.7 | 1.7 | 2.1 | |
| Unemployment Rate (per cent annual averages) | ||||||
| U.S. | 3.9 | 3.7 | 8.5 | 7.3 | 5.5 | |
| Japan | 2.4 | 2.4 | 3.4 | 4.0 | 3.3 | |
| Euro Area | 8.2 | 7.6 | 8.5 | 9.4 | 8.9 | |
| Germany | 5.2 | 5.0 | 6.2 | 6.3 | 6.0 | |
| France | 9.0 | 8.5 | 8.0 | 9.4 | 8.8 | |
| Italy | 10.6 | 10.0 | 9.1 | 10.1 | 9.9 | |
| United Kingdom | 4.0 | 3.7 | 5.7 | 9.0 | 6.4 | |
| Canada | 5.8 | 5.7 | 9.7 | 7.9 | 6.5 | |
| *Share of 2018 world gross domestic product (GDP) at PPP. | ||||||
| Forecast as at September 2020 | ||||||
| Source: National statistics agencies, TD Economics. | ||||||