| Economic Indicators: G7 & Europe | |||||
| 2020 | 2021 | 2022F | 2023F | ||
| Real GDP (annual per cent change) | |||||
| G7 (30.1%)* | -5.0 | 5.1 | 3.3 | 2.3 | |
| U.S. | -3.4 | 5.7 | 3.2 | 2.5 | |
| Japan | -4.5 | 1.6 | 2.8 | 1.5 | |
| Euro Area | -6.5 | 5.2 | 3.4 | 2.3 | |
| Germany | -4.9 | 2.8 | 3.2 | 2.8 | |
| France | -8.0 | 7.0 | 3.3 | 1.9 | |
| Italy | -9.0 | 6.5 | 3.2 | 1.7 | |
| United Kingdom | -9.4 | 7.2 | 4.0 | 2.1 | |
| Canada | -5.2 | 4.6 | 3.9 | 3.0 | |
| Consumer Price Index (annual per cent change) | |||||
| G7 | 0.8 | 3.3 | 5.8 | 1.9 | |
| U.S. | 1.2 | 4.7 | 7.0 | 2.4 | |
| Japan | 0.0 | -0.2 | 1.5 | 0.7 | |
| Euro Area | 0.3 | 2.6 | 5.2 | 1.5 | |
| Germany | 0.4 | 3.2 | 5.3 | 1.4 | |
| France | 0.5 | 2.1 | 4.4 | 1.3 | |
| Italy | -0.1 | 1.9 | 5.8 | 1.4 | |
| United Kingdom | 0.9 | 2.6 | 7.2 | 2.2 | |
| Canada | 0.7 | 3.4 | 5.0 | 2.1 | |
| Unemployment Rate (per cent annual averages) | |||||
| U.S. | 8.1 | 5.4 | 3.6 | 3.5 | |
| Japan | 2.8 | 2.8 | 2.9 | 2.5 | |
| Euro Area | 8.0 | 7.7 | 7.5 | 7.4 | |
| Germany | 5.9 | 5.7 | 5.2 | 5.0 | |
| France | 8.0 | 7.9 | 7.6 | 7.6 | |
| Italy | 9.3 | 9.5 | 9.2 | 9.0 | |
| United Kingdom | 4.5 | 4.5 | 4.3 | 4.0 | |
| Canada | 9.6 | 7.4 | 5.4 | 5.4 | |
| *Share of 2019 world gross domestic product (GDP) at PPP. | |||||
| Forecast as at March 2022. | |||||
| Source: National statistics agencies, TD Economics. | |||||