Regional totals and the grand totals for GDP growth and inflation, are weighted averages calculated using 2020 GDP weights, con verted at a verage 2020 US$ exchange rates. These weights and rates were last updated in July 2021. Due to annual updates in exchange rates and GDP weights in July-September of each year, there will be differences in the Regional and World Aggregates in those months. Therefore, some aggregates may not be comparable to the aggregates from previous months. Current account forecasts given in national currencies on pages 7-24 have been converted using consensus exchange rate forecasts for the purposes of comparison. USA and Canada. The Euro zone aggregate is taken from our panel's latest forecasts (pages 18-19). The Euro zone current account data and forecasts are based on extra-euro zone data, i.e., an aggregate of the Euro zone member states' transactions with nonresidents of the Euro zone. The European Union data includes the Euro zone countries listed on page 18 plus Denmark and Sweden, as well as the Czech Republic, Hungary, Poland, Romania, Bulgaria and Croatia (data taken from Eastern Europe Consensus Forecasts). Western Europe comprises the six Euro zone countries listed in the table above, plus Austria, Denmark, Finland, Greece, Ireland, Norway, Portugal, Sweden, Switzerland and the United Kingdom. Survey results for Japan plus sixteen other countries taken from Asia Pacific Consensus Forecasts. Twenty-seven countries, including twelve European Union countries taken from the latest issue of Eastern Europe Consensus Forecasts. Seventeen countries taken from the latest issue of Latin American Consensus Forecasts (inflation figures are on a December/December basis). Venezuela is excluded beginning in April 2018. Egypt, Israel, Nigeria, Saudi Arabia and South Africa. The Eastern Europe and Latin American components of the World Total are taken from prior months surveys.
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