QUARTERLY OUTPUT LEVELSTHROUGHTO Q2 2022

摘要

The charts below show how quickly selected economies are forecast to restore their LEVELS of output to pre-pandemic levels. We take our latest Quarter-by-Quarter Real GDP consensus forecasts through to Q2 2022. The base has been set at Q3 2019=100 and the estimated levels thereafter derived from y-o-y quarterly consensus forecasts (for the US these are calculated using formula from the q-o-q annualized consensus forecasts). To ensure consistency, real, or inflation-adjusted seasonally-adjusted GDP data has been used.