Government Budget | Forecast | 2017-2020

This page provides forecasts for Government Budget including a long-term outlook for the next decades, medium-term expectations for the next four quarters and short-term market predictions.


Last Q4/17 Q1/18 Q2/18 Q3/18 2020
United States -3.50 Dec/17   -2.9 -3.9 -3.9 -3.9 -7.5
Euro Area -1.50 Dec/16   -1.2 -1 -1 -1 -0.6
China -3.80 Dec/16   -4 -4.2 -4.2 -4.2 -3.4
Japan -4.50 Dec/16   -4.28 -4.26 -4.24 -4.21 -4.16
Germany 0.80 Dec/16   0.5 0.6 0.6 0.6 1
United Kingdom -3.00 Dec/16   -2.6 -2.9 -2.9 -2.9 -0.9
France -3.40 Dec/16   -3 -2.7 -2.7 -2.7 -1.9
India -3.50 Dec/16   -3.4 -3.3 -3.3 -3.3 -2.5
Italy -2.40 Dec/16   -2 -1.5 -1.5 -1.5 -0.5
Brazil -8.90 Dec/16   -8.5 -9 -9 -4.31 -7
Canada 0.10 Dec/15   -1 -0.8 -0.8 -0.16 -0.7
South Korea -2.40 Dec/16   -3.5 -2.9 -2.9 -0.38 -3.2
Russia -3.70 Dec/16   -2.5 -2 -2 -2 -1.3
Spain -4.50 Dec/16   -3.2 -2.5 -2.5 -2.5 -1.1
Australia -2.40 Dec/16   -2.2 -1.4 -1.4 -1.4 -0.3
Mexico -2.60 Dec/16   -2.4 -2.3 -2.3 -2.3 -2.4
Indonesia -2.46 Dec/16   -2.3 -2.2 -2.2 -1.5 -2
Turkey -1.10 Dec/16   -1.8 -0.9 -0.9 -0.9 -0.4
Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Afghanistan -0.70 Dec/16   -2.52 -2.9 -3.28 -3.66 -6.38
Albania -2.20 Dec/16   -2 -1.6 -1.6 -1.6 -1
Algeria -16.00 Dec/15   -9.53 -8.94 -8.34 -7.74 2.16
Angola -5.50 Dec/16   -5.18 2.43 3.52 4.62 5.47
Argentina -4.60 Dec/16   -4.5 -3.9 -3.9 -3.9 -2.5
Armenia -4.80 Dec/15   -4.1 -4.13 -3.93 -3.72 -1.9
Aruba -4.20 Dec/15   -3.74 -3.48 -3.21 -2.95 -2.13
Australia -2.40 Dec/16   -2.2 -1.4 -1.4 -1.4 -0.3
Austria -1.60 Dec/16   -1.4 -1.2 -1.2 -1.2 -0.4
Azerbaijan -0.40 Dec/16   0.24 0.25 0.26 0.27 0.88
Bahamas -3.50 Dec/16   -3.3 -3.35 -3.41 -3.47 -3.79
Bahrain -17.70 Dec/16   -13.38 -13.72 -14.07 -14.41 -9.14
Bangladesh -4.70 Dec/16   -4.5 -4.3 -4.3 -3.91 -4
Barbados -6.00 Dec/16   -5.96 -5.87 -5.78 -5.69 -5.32
Belarus 1.50 Dec/16   1.1 0.8 0.8 0.8 1.6
Belgium -2.60 Dec/16   -2.2 -1.8 -1.8 -1.8 -0.8
Belize -3.30 Dec/16   -5.9 -5.53 -5.16 -4.79 -4.15
Benin -6.20 Dec/16   -4.1 -3.63 -3.15 -2.68 -1.56
Bhutan -3.20 Dec/16   -3.52 -3.1 -2.69 -2.27 -2.85
Bolivia -5.89 Dec/15   -5.87 -5.5 -5.12 -4.75 1.54
Bosnia and Herzegovina 1.20 Dec/16   1.5 1.5 1.7 1.7 1.2
Botswana 0.20 Dec/15   -2.03 -2.28 -2.54 -2.79 1.86
Brazil -8.90 Dec/16   -8.5 -9 -9 -4.31 -7
Brunei 2.90 Dec/16   8.25 8.72 9.19 9.67 11.07
Bulgaria 0.00 Dec/16   0.5 0.9 0.9 0.9 1.4
Burkina Faso -3.10 Dec/16   -1.12 -1.32 -1.51 -1.7 -1.92
Burundi 9.00 Dec/16   2.72 3.79 4.85 5.92 -1.09
Cambodia -2.40 Dec/15   -1.73 -1.72 -1.72 -1.72 -3.97
Cameroon -6.40 Dec/15   -3.56 -2.99 -2.43 -1.87 0.84
Canada 0.10 Dec/15   -1 -0.8 -0.8 -0.16 -0.7
Cape Verde -3.80 Dec/16   -3.02 -3.15 -3.28 -3.4 -4.94
Cayman Islands 3.40 Dec/16   1.06 0.64 0.22 -0.19 -1.11
Central African Republic -3.50 Dec/16   0.04 -0.16 -0.36 -0.56 0.27
Chad -5.60 Dec/16   -1.04 -0.64 -0.23 0.16 -1.63
Chile -3.10 Dec/16   -2.5 -2.4 -2.4 -2.4 -2.1
China -3.80 Dec/16   -4 -4.2 -4.2 -4.2 -3.4
Colombia -4.00 Dec/16   -5 -3.8 -3.8 -3.8 -3.7
Comoros -3.00 Dec/15   -3.71 -3.33 -2.94 -2.55 -1.16
Congo -6.20 Dec/15   -2.75 -2.62 -2.49 -2.36 -2.42
Costa Rica -4.60 Dec/16   -3.71 -3.57 -3.43 -3.3 -2.93
Croatia -0.80 Dec/16   -0.4 -0.2 -0.2 -0.2 0.4
Cuba -6.80 Dec/16   -6.98 -6.87 -6.77 -6.66 -6.51
Cyprus 0.40 Dec/16   1 1.2 1.2 1.2 1
Czech Republic 0.70 Dec/16   1 1.2 1.2 1.2 0.9
Denmark -0.90 Dec/16   -0.2 0.5 0.5 0.5 1.8
Djibouti -6.60 Dec/15   -4.98 -4.5 -4.01 -3.53 -2.44
Dominican Republic -2.90 Dec/16   -2.43 -3.3 -3.3 -3.3 -3.3
East Timor -76.10 Dec/15   -76.53 -79.3 -82.06 -84.83 -93.05
Ecuador -4.00 Dec/13   -2.55 -2.28 -2.01 -1.74 -1.18
Egypt -9.80 Dec/16   -10.3 -9.5 -9.5 -9.77 -8.5
El Salvador -3.43 Dec/14   -3.26 -3.06 -2.86 -2.66 -1.91
Equatorial Guinea -6.70 Dec/14   -3.67 -2.68 -1.68 -0.68 7.57
Eritrea -13.90 Dec/16   -14.84 -15.02 -15.2 -15.38 -16.4
Estonia 0.30 Dec/16   0.6 1 1 1 1.5
Ethiopia -1.90 Sep/16   -3.32 -3.34 -3.36 -3.39 -3.36
Euro Area -1.50 Dec/16   -1.2 -1 -1 -1 -0.6
European Union -1.70 Dec/16   -1.4 -1.1 -1.1 -1.1 -0.7
Fiji -4.70 Dec/16   -2.72 -2.6 -2.48 -2.35 -2.63
Finland -1.90 Dec/16   -1.6 -1.3 -1.3 -1.3 -0.4
France -3.40 Dec/16   -3 -2.7 -2.7 -2.7 -1.9
Gabon -2.80 Dec/16   -0.07 0.02 0.12 0.22 0
Gambia -7.30 Dec/16   -6.15 -6.01 -5.87 -5.73 -5.25
Georgia -4.00 Dec/16   -4.1 -3.6 -3.6 -3.6 -3.2
Germany 0.80 Dec/16   0.5 0.6 0.6 0.6 1
Ghana -8.70 Dec/16   -7.8 -9.45 -9.66 -9.86 -8.68
Greece 0.70 Dec/16   1 0.5 0.5 0.5 0.6
Guatemala -1.40 Dec/15   -1.55 -1.58 -1.61 -1.64 -1.62
Guinea -1.50 Dec/16   -2.44 -2.62 -2.81 -2.99 -4.74
Guinea Bissau -4.00 Dec/16   -4.81 -4.82 -4.83 -4.85 -3.76
Guyana -4.50 Dec/16   -2.9 -3.1 -3.29 -3.49 -2.94
Haiti 3.06 Dec/16   2.72 2.68 2.64 2.6 2.55
Honduras -4.40 Dec/14   -3.76 -3.79 -3.82 -3.85 -3.64
Hong Kong 4.80 Dec/16   3.42 3.13 2.84 2.55 1.43
Hungary -1.70 Dec/16   -1.4 -1.1 -1.1 -1.1 -0.4
Iceland 1.30 Dec/16   1.6 2 2 2 2.5
India -3.50 Dec/16   -3.4 -3.3 -3.3 -3.3 -2.5
Indonesia -2.46 Dec/16   -2.3 -2.2 -2.2 -1.5 -2
Iran -2.10 Dec/16   -1.34 -1.29 -1.25 -1.2 -1.27
Iraq -7.20 Dec/16   -7.6 9.94 8.59 7.25 -5.8
Ireland -0.70 Dec/16   -0.1 0.3 0.3 0.3 0.8
Israel -2.15 Dec/16   -2.7 -3.2 -3.37 -3.54 -2.6
Italy -2.40 Dec/16   -2 -1.5 -1.5 -1.5 -0.5
Ivory Coast -3.80 Dec/16   0.3 0.13 -0.03 -0.2 -3.01
Jamaica -0.20 Dec/16   -2.8 -3.2 -3.6 -4 -3.89
Japan -4.50 Dec/16   -4.28 -4.26 -4.24 -4.21 -4.16
Jordan -3.20 Dec/16   -3.4 -2.45 -2.5 -2.55 -3.7
Kazakhstan -1.60 Dec/16   -2 -1.8 -1.8 -1.55 -1.5
Kenya -7.80 Dec/16   -6.55 -6.48 -6.42 -6.35 -6.43
Kosovo -1.30 Dec/15   -1.2 -1 -1 -1 -0.6
Kuwait -3.62 Dec/16   -3 2 2 0.3 4
Kyrgyzstan -4.60 Dec/16   -3.93 -3.69 -3.46 -3.22 -1.29
Laos -4.70 Dec/15   -6.64 -6.96 -7.27 -7.59 -5.7
Latvia 0.00 Dec/16   0.4 0.7 0.7 0.7 0.2
Lebanon 0.14 Dec/16   0.8 1.1 1.1 -6.6 5
Lesotho 0.50 Dec/15   5.55 4.97 4.38 3.8 1.72
Liberia -12.10 Dec/15   -11.86 -10.5 -9.13 -7.77 -4.76
Libya -54.60 Dec/15   -44.42 -42.25 -40.08 -37.91 -10.98
Lithuania 0.30 Dec/16   0.6 0.8 0.8 0.8 0.7
Luxembourg 1.60 Dec/16   1.8 2 2 2 2.5
Macedonia -3.50 Dec/15   -3 -2.6 -2.6 -2.6 -1.8
Madagascar -3.20 Dec/16   -2.88 -2.88 -2.88 -2.88 -2.76
Malawi -6.10 Dec/16   -8.03 -7.56 -7.1 -6.63 -5.5
Malaysia -3.20 Dec/15   -4.2 -4.1 -4.1 -2.73 -3.3
Maldives -7.40 Dec/16   -5.01 -5.27 -5.54 -5.81 -5.91
Mali -4.20 Dec/16   -2.9 -2.7 -2.7 -2.7 -2
Malta 1.00 Dec/16   1.2 1.5 1.5 1.5 0.6
Mauritania -0.10 Dec/16   2.55 2.59 2.63 2.67 -0.56
Mauritius -3.50 Dec/16   -3.82 -3.84 -3.86 -3.88 -4.09
Mexico -2.60 Dec/16   -2.4 -2.3 -2.3 -2.3 -2.4
Moldova -1.80 Dec/16   -1.5 -1.2 -1.2 -1.2 -0.7
Mongolia -17.00 Dec/16   -16.69 -15.93 -15.18 -14.42 -11.87
Montenegro -7.00 Dec/15   -6.2 -5.4 -5.4 -5.4 -3.2
Morocco -4.10 Dec/16   -3.5 -3.2 -3.2 -3.2 -3.3
Mozambique -2.80 Dec/16   -5.75 -4.46 -3.18 -1.9 -4.75
Myanmar -4.60 Dec/16   -4.14 -4.13 -4.12 -4.11 -3.19
Namibia -6.30 Dec/16   -3.41 -2.82 -2.22 -1.62 -1.23
Nepal -1.70 Dec/16   -3.41 -3.36 -3.31 -3.26 -3.13
Netherlands 0.40 Dec/16   0.8 1.2 1.2 1.2 1.7
New Zealand 0.70 Dec/16   0.9 0.73 0.66 0.6 -0.22
Nicaragua 2.00 Dec/16   -0.17 0.28 0.74 1.19 0.01
Niger -6.10 Dec/16   -3.06 -2.61 -2.16 -1.71 -1.8
Nigeria -2.10 Dec/16   -3.8 -2.44 -2.46 -2.49 -2.3
Norway 3.10 Dec/16   2.8 3.2 3.2 3.2 5.1
Oman -20.80 Dec/16   -16.2 -17.38 -16.35 -15.31 -9.8
Pakistan -4.90 Dec/16   -3.8 -2.5 -2.5 -3 -1.5
Palestine 0.70 Dec/15   1.35 0.82 0.3 -0.22 -1.86
Panama -4.00 Dec/16   -2.72 -2.41 -2.09 -1.78 -1.06
Papua New Guinea -4.60 Dec/16   -3.67 -3.14 -2.6 -2.07 -1.23
Paraguay -1.40 Dec/16   -0.6 -0.61 -0.61 -0.62 0.1
Peru -2.60 Dec/16 -2.6 -2.1 -1.95 -1.81 -1.76
Philippines -2.40 Dec/16   -3 -2.8 -2.8 -2.71 -2.7
Poland -2.40 Dec/16   -1.9 -1.6 -1.6 -1.6 -0.5
Portugal -2.00 Dec/16   -1.8 -1.6 -1.6 -1.6 -0.9
Qatar -9.00 Dec/16   -5.3 -4.2 -4.2 19.79 -3.3
Republic of the Congo -5.60 Dec/16   -5.59 -5.4 -5.2 -5 -2.18
Romania -3.00 Dec/16   -2.4 -2 -2 -2 -1.2
Russia -3.70 Dec/16   -2.5 -2 -2 -2 -1.3
Rwanda -4.80 Dec/15   -3.32 -3.17 -3.02 -2.87 -2.32
Sao Tome and Principe -5.30 Dec/15   7.66 7.28 6.89 6.51 1.61
Saudi Arabia -17.30 Dec/16   -9.5 -6.8 -6.8 -14.73 -1.5
Senegal -4.50 Dec/15   -4.39 -4.33 -4.27 -4.21 -3.71
Serbia -0.20 Dec/16   0.5 0.8 0.8 0.8 1.1
Seychelles -0.30 Dec/16   -0.75 -0.93 -1.11 -1.29 -2.08
Sierra Leone -3.10 Dec/15   -4.17 -4.32 -4.48 -4.63 -5.36
Singapore 1.30 Dec/16   0.4 0.8 0.8 2.98 0.9
Slovakia -1.70 Dec/16   -1.2 -0.8 -0.8 -0.8 0.5
Slovenia -1.90 Dec/16   -0.8 0.4 0.4 0.4 0.2
South Africa -3.90 Dec/16   -4.2 -3.62 -3.58 -3.53 -4.1
South Korea -2.40 Dec/16   -3.5 -2.9 -2.9 -0.38 -3.2
Spain -4.50 Dec/16   -3.2 -2.5 -2.5 -2.5 -1.1
Sri Lanka -5.40 Dec/16   -5.2 -4.6 -4.6 -7.02 -3.5
Sudan -1.60 Dec/16   -1.8 -3.71 -3.85 -3.99 -2.4
Suriname -9.80 Dec/15   -9.1 -8.63 -8.16 -7.69 -3.68
Swaziland -11.90 Dec/16   -4.19 -2.7 -1.2 0.29 2.13
Sweden 0.90 Dec/16   1.2 1.5 1.5 1.5 2.1
Switzerland 0.20 Dec/16   0.6 1 1 1 1.5
Syria -11.40 Dec/12   -13.81 -14.19 -14.57 -14.95 -17.75
Taiwan -1.40 Dec/16   -1.75 -1.92 -2.08 -2.25 -2.15
Tajikistan -1.70 Dec/16   -3.17 -3.43 -3.69 -3.95 -5.45
Tanzania -5.10 Dec/15   -5.58 -5.67 -5.77 -5.86 -6.31
Thailand -2.70 Dec/16   -2.4 -2.8 -2.8 -2.03 -3
Togo -5.30 Dec/15   -4.56 -4.37 -4.18 -3.99 -3.68
Trinidad and Tobago -5.00 Dec/16   -1.62 -1.86 -2.11 -2.35 -1.51
Tunisia -3.70 Dec/15   -5.7 -4.9 -4.9 -2.93 -3.9
Turkey -1.10 Dec/16   -1.8 -0.9 -0.9 -0.9 -0.4
Turkmenistan -0.80 Dec/16   0.19 0.29 0.39 0.5 1.33
Uganda -3.60 Dec/15   -2.8 -2.8 -2.8 -2.81 -2.31
Ukraine -2.30 Dec/16   -2 -1.8 -1.8 -1.8 -1
United Arab Emirates -3.90 Dec/16   -2 -0.5 -0.5 -0.43 0.4
United Kingdom -3.00 Dec/16   -2.6 -2.9 -2.9 -2.9 -0.9
United States -3.50 Dec/17   -2.9 -3.9 -3.9 -3.9 -7.5
Uruguay -3.20 Dec/16   -2.72 -2.62 -2.53 -2.43 -1.89
Uzbekistan -0.10 Dec/16   -0.12 -0.14 -0.17 -0.19 -0.34
Venezuela -11.50 Dec/13   -11.7 -11.56 -11.42 -11.28 -10.72
Vietnam -4.20 Dec/16   -5.9 -6.1 -6.1 -3.69 -5.3
Yemen -13.50 Dec/16   -9.89 -8.95 -8.02 -7.08 -5.17
Zambia -8.10 Dec/15   -1.08 -1.05 -1.03 -1 -1.39
Zimbabwe -1.70 Dec/15   -1.76 -1.91 -2.07 -2.22 -2.21