Alexej Behnisch | abehnisch.com | twitter
Figure 1 & 2: Annual change of gross domestic product at market prices, in per cent
Figure 3: Spread between 2007 and forecasted 2009 rate, in percentage points (OECD forecast, see above)
Data Source: OECD Interim Economic Outlook (see PDF for details), IMF World Economic Outlook | Last updated: 25 April 2009
World economy will decline in 2009 for the first time since the Second World War
All major advanced economies will decline by at least 3 per cent
America and Britain - the primary culprits of the present crisis - will decline slower
Germany and Japan - major exporters of expensive consumer goods - will decline faster
France will experience a softer downturn than its peers in the West
China and India will still grow, but only at half the rate of 2007
Russia - heavily reliant on exporting energy and minerals - will face the biggest shock
Spread between 2007 and 2009 is huge everywhere, a challenge for all social systems
"The world economy is in the midst of its deepest and most synchronised recession in our lifetime caused by a global financial crisis and deepened by a collapse in world trade"
OECD, Interim Economic Outlook, 31 March 2009
Figure 4: Changing OECD forecast of GDP growth for the year 2009, in per cent
Data: OECD Economic Outlook No 83 (Jun 08), Economic Outlook No 84 (Nov 08), Interim Economic Outlook (Mar 09)
Alexej Behnisch | abehnisch.com | See also: German election 2009 poll tracking on this website