Leisure and industry are forecasted to see decreases of over ten percent in their added value, making them the Netherlands' hardest hit industries of COVID-19 in 2020. This according to calculations made by economists from Dutch bank ABN AMRO. Unlike similar predictions from Rabobank, this source mentions the effects of the coronavirus on real estate and construction. Construction was expected to see a hit early on, whereas the housing market would see an effect only in 2021.
Forecasts for the UK economy is a monthly comparison of independent forecasts.
Please note that this is a summary of published material reflecting the views of the forecasting organisations themselves and does not in any way provide new information on the Treasury’s own views. It contains only a selection of forecasters, which is subject to review.
No significance should be attached to the inclusion or exclusion of any particular forecasting organisation. HM Treasury accepts no responsibility for the accuracy of material published in this comparison.
This month’s edition of the forecast comparison contains short-term forecasts for 2021 and 2022.
Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.
The NextGenerationEU economic stimulus plan is set to be implemented according to each European Union member state's national recovery & resilience plan between 2021 and 2026. The stimulus effect which this will have varies across the different member states, with those states which are set to receive a relatively large stimulus package compared with their GDP experiencing a greater boost to growth than others, according to GDP forecasts.
Countries such as Greece, Bulgaria, and Croatia are set to experience as much as three percent additional GDP growth over the target years for the NextGenEU programs. On the other hand, countries such as Sweden, the Netherlands, and Austria, who will receive relatively smaller packages, will experience additional GDP growth of less than one percent per year, mostly caused by spillovers from other countries' plans. While the packages are to be dispersed between 2021 and 2026, the effect on GDP growth in many countries is set to be long-lasting, with growth being boosted into the 2030s.
The growth of the Danish gross domestic product (GDP) in 2020 was minus 2.1 percent. This is due to the outbreak of the coronavirus (COVID-19). However, the GDP recovered in 2021, growing by almost five percent. Denmark's GDP was forecast to grow by two percent in 2024.
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Imports Price Index: Commodity data was reported at 1.140 Index, 2021 in 2026. This stayed constant from the previous number of 1.140 Index, 2021 for 2025. Imports Price Index: Commodity data is updated yearly, averaging 0.630 Index, 2021 from Dec 1988 (Median) to 2026, with 39 observations. The data reached an all-time high of 1.258 Index, 2021 in 2022 and a record low of 0.189 Index, 2021 in 1988. Imports Price Index: Commodity data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.EO: Exports and Imports Price Index: Forecast: OECD Member: Annual.
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The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Moldova: Economic growth forecast: The latest value from 2030 is 5.03 percent, unchanged from 5.03 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Moldova from 1993 to 2030 is 1.78 percent. The minimum value, -30.9 percent, was reached in 1994 while the maximum of 13.9 percent was recorded in 2021.
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The Gross Domestic Product (GDP) in Venezuela was worth 111.81 billion US dollars in 2021, according to official data from the World Bank. The GDP value of Venezuela represents 0.11 percent of the world economy. This dataset provides - Venezuela GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Peru: Economic growth forecast: The latest value from 2030 is 2.5 percent, a decline from 2.51 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Peru from 1980 to 2030 is 3.09 percent. The minimum value, -13.42 percent, was reached in 1989 while the maximum of 13.36 percent was recorded in 2021.
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Nicaragua: Economic growth forecast: The latest value from 2030 is 3.5 percent, unchanged from 3.5 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Nicaragua from 1980 to 2030 is 2.5 percent. The minimum value, -12.4 percent, was reached in 1988 while the maximum of 10.45 percent was recorded in 2021.
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United States Excess Deaths excl COVID: Predicted: Above Expected: New York City data was reported at 0.000 Number in 30 Oct 2021. This stayed constant from the previous number of 0.000 Number for 23 Oct 2021. United States Excess Deaths excl COVID: Predicted: Above Expected: New York City data is updated weekly, averaging 0.000 Number from Jan 2017 (Median) to 30 Oct 2021, with 251 observations. The data reached an all-time high of 1,877.000 Number in 11 Apr 2020 and a record low of 0.000 Number in 30 Oct 2021. United States Excess Deaths excl COVID: Predicted: Above Expected: New York City data remains active status in CEIC and is reported by Centers for Disease Control and Prevention. The data is categorized under Global Database’s United States – Table US.G012: Number of Excess Deaths: by States: All Causes excluding COVID-19: Predicted (Discontinued).
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United States - FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Range, High was 2.50000 Fourth Qtr. to Fourth Qtr. % Chg. in January of 2027, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Range, High reached a record high of 5.80000 in January of 2021 and a record low of -1.00000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Range, High - last updated from the United States Federal Reserve on August of 2025.
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United States SB: CO: Outlook: Business Travel: Not Applicable data was reported at 28.800 % in 11 Apr 2022. This records a decrease from the previous number of 29.900 % for 04 Apr 2022. United States SB: CO: Outlook: Business Travel: Not Applicable data is updated weekly, averaging 29.450 % from Nov 2021 (Median) to 11 Apr 2022, with 18 observations. The data reached an all-time high of 33.800 % in 20 Dec 2021 and a record low of 23.900 % in 29 Nov 2021. United States SB: CO: Outlook: Business Travel: Not Applicable data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S053: Small Business Pulse Survey: by State: West Region: Weekly, Beg Monday (Discontinued).
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Zew Economic Sentiment Index in Italy increased to 59.70 in March from 56.80 in February of 2021. This dataset provides the latest reported value for - Italy Zew Economic Sentiment Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
This statistic shows the growth of the real gross domestic product (GDP) in selected world regions from 2021 to 2024. According to the forecast, the GDP in the developed economies will grow by *** percent in 2024, compared to the previous year.
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Economic Activity Index in China decreased to 50.80 points in October from 51.70 points in September of 2021. This dataset provides - China Economic Activity Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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The benchmark interest rate in the United States was last recorded at 4.50 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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United States - Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median was 4.20% in March of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median reached a record high of 5.00 in June of 2015 and a record low of 4.00 in March of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median - last updated from the United States Federal Reserve on August of 2025.
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Leading Economic Index Kazakhstan increased 5 percent in September of 2021 over the same month in the previous year. This dataset provides - Kazakhstan Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Leisure and industry are forecasted to see decreases of over ten percent in their added value, making them the Netherlands' hardest hit industries of COVID-19 in 2020. This according to calculations made by economists from Dutch bank ABN AMRO. Unlike similar predictions from Rabobank, this source mentions the effects of the coronavirus on real estate and construction. Construction was expected to see a hit early on, whereas the housing market would see an effect only in 2021.