Low growth in 1997: buy bonds
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Opinion

Low growth in 1997: buy bonds

Real GDP growth forecasts (yoy %), H1'96-H1'98 (previous forecast in brackets)

 

H1'96

H2'96

1996

H1'97

H2'97

1997

H1'98

US

2.2

2.3

2.3 (3.3)

2.0

2.2

2.1 (4.0)

2.2

Japan

4.1

3.3

3.7 (2.4)

1.5

2.0

1.8 (3.2)

2.0

Europe

1.5

1.8

1.7 (1.7)

2.0

1.6

1.8 (3.0)

2.0

OECD

2.4

2.3

2.3 (2.4)

1.9

1.9

1.9 (3.4)

2.1

East Asia

7.7

7.2

7.5 (8.0)

6.5

6.0

6.2 (7.5)

6.5

Latin America

-2.3

4.5

1.1 (2.5)

4.0

3.2

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