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 Q4/18 Q1/19 Q2/19 Q3/19
United States -3.50 Dec/17 -5 -5 -5 -5
Euro Area -0.90 Dec/17 -1 -0.8 -0.8 -0.8
China -3.50 Dec/17 -4.2 -3.8 -3.8 -3.8
Japan -4.50 Dec/17 -4.4 -4.5 -4.5 -4.5
Germany 1.30 Dec/17 0.6 0.7 0.7 0.7
United Kingdom -2.30 Dec/17 -2 -1.2 -1.2 -1.2
India -3.53 Dec/17 -3.4 -3.4 -3.4 -3.4
France -2.60 Dec/17 -2.6 -2.8 -2.8 -2.8
Brazil -7.80 Dec/17 -8.4 -7.9 -7.9 -7.9
Italy -2.30 Dec/17 -1.5 -1.2 -1.2 -1.2
Canada -0.90 Dec/17 -0.8 -0.7 -0.7 -0.7
Russia -1.50 Dec/17 0.5 0.2 0.2 0.2
South Korea -2.00 Dec/17 -2.3 -2.7 -2.7 -2.7
Australia -1.90 Dec/17 -1.2 -0.8 -0.8 -0.8
Spain -3.10 Dec/17 -2.5 -1.5 -1.5 -1.5
Mexico -2.90 Dec/17 -2.7 -2.8 -2.8 -2.8
Indonesia -2.50 Dec/17 -2.3 -2.4 -2.4 -2.4
Turkey -1.50 Dec/17 -2 -1.8 -1.8 -1.8
Netherlands 1.10 Dec/17 1.2 1.5 1.5 1.5
Last Q4/18 Q1/19 Q2/19 Q3/19
Afghanistan -0.70 Dec/17 -0.4 0.5 0.5 0.5
Albania -2.00 Dec/17 -1.6 -1.2 -1.2 -1.2
Algeria -6.40 Dec/17 -5 -4 -4 -4
Angola -4.90 Dec/17 -3.5 -2 -2 -2
Argentina -3.90 Dec/17 -2.7 -3 -3 -3
Armenia -5.60 Dec/16 -2.6 -1.8 -1.8 -1.8
Aruba -2.70 Dec/17 -3.5 -3.4 -3.4 -3.4
Australia -1.90 Dec/17 -1.2 -0.8 -0.8 -0.8
Austria -0.70 Dec/17 -0.4 0.2 0.2 0.2
Azerbaijan -1.60 Dec/17 -1.2 -1 -1 -1
Bahamas -5.80 Dec/17 -6.4 -6.6 -6.6 -6.6
Bahrain -13.20 Dec/17 -11 -8.5 -8.5 -8.5
Bangladesh -4.80 Dec/17 -4.5 -4.4 -4.4 -4.4
Barbados -4.20 Dec/17 -6.7 -5.6 -5.6 -5.6
Belarus 2.90 Dec/17 0.8 1.2 1.2 1.2
Belgium -1.00 Dec/17 -1.8 -0.9 -0.9 -0.9
Belize -3.00 Dec/17 -6.2 -6 -6 -6
Benin -5.80 Dec/17 -5.8 -4.97 -4.97 -4.97
Bhutan -4.10 Dec/17 -2.4 -1.1 -1.1 -1.1
Bolivia -5.88 Dec/16 -5.7 -4 -4 -4
Bosnia and Herzegovina 2.60 Dec/17 1.7 1.4 1.4 1.4
Botswana -0.10 Dec/17 -2.3 -1.5 -1.5 -1.5
Brazil -7.80 Dec/17 -8.4 -7.9 -7.9 -7.9
Brunei -13.01 Dec/17 -5 -3 -3 -3
Bulgaria 0.90 Dec/17 -0.7 -0.5 -0.5 -0.5
Burkina Faso -5.50 Dec/17 -5.5 -5.5 -5.5 -5.5
Burundi -8.20 Dec/17 -8.9 -9.1 -9.1 -9.1
Cambodia -0.90 Dec/17 -1.2 -2 -2 -2
Cameroon -3.60 Dec/17 -3 -2.9 -2.9 -2.9
Canada -0.90 Dec/17 -0.8 -0.7 -0.7 -0.7
Cape Verde -3.10 Dec/17 -3.1 -3.1 -3.1 -3.1
Cayman Islands 5.30 Dec/17 5.3 5.3 5.3 5.3
Central African Republic -0.10 Dec/17 -2 -2.5 -2.5 -2.5
Chad 1.70 Dec/17 1.7 1.7 1.7 1.7
Chile -2.80 Dec/17 -2.4 -1.6 -1.6 -1.6
China -3.50 Dec/17 -4.2 -3.8 -3.8 -3.8
Colombia -3.00 Dec/17 -2.9 -2.8 -2.8 -2.8
Comoros -0.90 Dec/17 -0.9 -0.9 -0.9 -0.9
Congo -1.60 Dec/16 -1.6 -1.6 -1.6 -1.6
Costa Rica -5.40 Dec/17 -6 -6.4 -6.4 -6.4
Croatia 0.80 Dec/17 -0.2 0.2 0.2 0.2
Cuba -6.80 Dec/16 -6.8 -6.8 -6.8 -6.8
Cyprus 1.80 Dec/17 1.2 1.1 1.1 1.1
Czech Republic 1.60 Dec/17 1.4 1.1 1.1 1.1
Denmark 1.00 Dec/17 -0.5 -0.5 -0.5 -0.5
Djibouti -15.50 Dec/17 -15.5 -15.5 -15.5 -15.5
Dominican Republic -3.00 Dec/17 -2.7 -2.6 -2.6 -2.6
East Timor -29.00 Dec/16 -15 -12 -12 -12
Ecuador -5.90 Dec/17 -4.5 -4.2 -4.2 -4.2
Egypt -9.50 Dec/17 -8.4 -8 -8 -8
El Salvador -0.10 Dec/17 -1.3 -1.5 -1.5 -1.5
Equatorial Guinea -2.30 Dec/17 -2.3 -2.3 -2.3 -2.3
Eritrea -13.80 Dec/17 -13.8 -12.4 -12.4 -12.4
Estonia -0.30 Dec/17 1 1.2 1.2 1.2
Ethiopia -3.30 Dec/17 -3.3 -3.3 -3.3 -3.3
Euro Area -0.90 Dec/17 -1 -0.8 -0.8 -0.8
European Union -1.00 Dec/17 -1.1 -0.9 -0.9 -0.9
Faroe Islands 5.00 Dec/17 5 5 5 5
Fiji -4.50 Dec/17 -4 -3.6 -3.6 -3.6
Finland -0.60 Dec/17 0.2 0.6 0.6 0.6
France -2.60 Dec/17 -2.6 -2.8 -2.8 -2.8
Gabon -3.50 Dec/17 -2.5 -1.5 -1.5 -1.5
Gambia -3.90 Dec/17 -3.9 -3.9 -3.9 -3.9
Georgia -3.20 Dec/17 -3.6 -3 -3 -3
Germany 1.30 Dec/17 0.6 0.7 0.7 0.7
Ghana -4.50 Dec/17 -4.5 -5 -5 -5
Greece 0.80 Dec/17 1.1 1.5 1.5 1.5
Guatemala -1.30 Dec/17 -1.3 -1.3 -1.3 -1.3
Guinea 0.60 Dec/17 0.6 0.6 0.6 0.6
Guinea Bissau -2.00 Dec/17 -2 -2 -2 -2
Guyana -4.50 Dec/17 -4.5 -4.5 -4.5 -4.5
Haiti -0.97 Dec/17 -1.1 -1.3 -1.3 -1.3
Honduras -2.70 Dec/17 -2.8 -2.8 -2.8 -2.8
Hong Kong 2.20 Dec/17 2 1.5 1.5 1.5
Hungary -2.00 Dec/17 -1.1 -0.7 -0.7 -0.7
Iceland 0.00 Dec/17 1.1 1 1 1
India -3.53 Dec/17 -3.4 -3.4 -3.4 -3.4
Indonesia -2.50 Dec/17 -2.3 -2.4 -2.4 -2.4
Iran -2.20 Dec/17 -2.2 -2.2 -2.2 -2.2
Iraq -3.80 Dec/17 -6.5 -5.6 -5.6 -5.6
Ireland -0.30 Dec/17 0.3 0.5 0.5 0.5
Israel -2.15 Dec/16 -2.9 -2.5 -2.5 -2.5
Italy -2.30 Dec/17 -1.5 -1.2 -1.2 -1.2
Ivory Coast -4.50 Dec/17 -2.5 1 1 1
Jamaica -0.10 Dec/17 0.2 0.3 0.3 0.3
Japan -4.50 Dec/17 -4.4 -4.5 -4.5 -4.5
Jordan -2.60 Dec/17 -3.2 -3.5 -3.5 -3.5
Kazakhstan -2.80 Dec/17 -1.1 -1.7 -1.7 -1.7
Kenya -7.80 Dec/17 -7.8 -7.8 -7.8 -7.8
Kosovo -0.90 Dec/17 -1 -0.7 -0.7 -0.7
Kuwait 3.96 Dec/17 2 3 3 3
Kyrgyzstan -3.20 Dec/17 -2.8 -1.7 -1.7 -1.7
Laos -5.60 Dec/17 -5.3 -5.1 -5.1 -5.1
Latvia -0.50 Dec/17 0.7 0.6 0.6 0.6
Lebanon -7.31 Dec/17 1.1 2.2 2.2 2.2
Lesotho -6.30 Dec/17 -6.3 -6.3 -6.3 -6.3
Liberia -4.10 Dec/17 -4.1 -4.1 -4.1 -4.1
Libya -43.00 Dec/17 -43 -43 -43 -43
Lithuania 0.50 Dec/17 0.8 0.5 0.5 0.5
Luxembourg 1.50 Dec/17 2 2.2 2.2 2.2
Macedonia -2.70 Dec/17 -2.6 -2.2 -2.2 -2.2
Madagascar -2.90 Dec/17 -2.9 -2.9 -2.9 -2.9
Malawi -5.60 Dec/17 -5.6 -5.6 -5.6 -5.6
Malaysia -3.00 Dec/17 -2.9 -2.7 -2.7 -2.7
Maldives -2.00 Dec/17 -3.1 -5.4 -5.4 -5.4
Mali -3.30 Dec/17 -2.4 -2.2 -2.2 -2.2
Malta 3.90 Dec/17 1.5 0.8 0.8 0.8
Mauritania -0.60 Dec/17 -0.6 -0.6 -0.6 -0.6
Mauritius -3.20 Dec/17 -3.2 -3.2 -3.2 -3.2
Mexico -2.90 Dec/17 -2.7 -2.8 -2.8 -2.8
Moldova -0.80 Dec/17 -1.2 -0.9 -0.9 -0.9
Mongolia -17.00 Dec/16 -5.3 -4.2 -4.2 -4.2
Montenegro -2.00 Dec/17 -5.4 -4.8 -4.8 -4.8
Morocco -3.60 Dec/17 -3.2 -3.2 -3.2 -3.2
Mozambique -4.40 Dec/17 -4.4 -4.4 -4.4 -4.4
Myanmar -4.40 Dec/17 -4.7 -4.9 -4.9 -4.9
Namibia -5.40 Dec/17 -5.4 -5.4 -5.4 -5.4
Nepal -6.40 Dec/17 -6.7 -6.2 -6.2 -6.2
Netherlands 1.10 Dec/17 1.2 1.5 1.5 1.5
New Zealand 1.50 Dec/17 2 1.6 1.6 1.6
Nicaragua -1.90 Dec/17 -2.3 -2.5 -2.5 -2.5
Niger -5.70 Dec/17 -5.7 -5.7 -5.7 -5.7
Nigeria -5.10 Dec/17 -3.1 -2.6 -2.6 -2.6
Norway 4.40 Dec/17 4.7 4.9 4.9 4.9
Oman -13.00 Dec/17 -12 -10 -10 -10
Pakistan -5.80 Dec/17 -4.2 -3.7 -3.7 -3.7
Palestine 2.30 Dec/17 3.3 3.3 3.3 3.3
Panama -3.10 Dec/17 -3.2 -3.1 -3.1 -3.1
Papua New Guinea -2.40 Dec/17 -1.06 -1.23 -1.23 -1.23
Paraguay -1.50 Dec/17 -1.5 -1.5 -1.5 -1.5
Peru -3.20 Dec/17 -3.4 -3.6 -3.6 -3.6
Philippines -2.20 Dec/17 -3 -2.6 -2.6 -2.6
Poland -1.70 Dec/17 -1.1 -0.6 -0.6 -0.6
Portugal -3.00 Dec/17 -1.2 -0.9 -0.9 -0.9
Qatar -5.80 Dec/17 -2 2.5 2.5 2.5
Republic of the Congo -5.10 Dec/17 -5.1 -5.1 -5.1 -5.1
Romania -2.90 Dec/17 -2 -1.6 -1.6 -1.6
Russia -1.50 Dec/17 0.5 0.2 0.2 0.2
Rwanda -4.80 Dec/17 -4.8 -4.8 -4.8 -4.8
Sao Tome and Principe -2.10 Dec/17 -2.1 -2.1 -2.1 -2.1
Saudi Arabia -8.90 Dec/17 -4.4 -1.9 -1.9 -1.9
Senegal -3.70 Dec/17 -3.7 -3.7 -3.7 -3.7
Serbia 0.80 Dec/17 0.8 1 1 1
Seychelles -0.04 Dec/17 -0.04 -0.04 -0.04 -0.04
Sierra Leone -5.80 Dec/17 -5.8 -5.8 -5.8 -5.8
Singapore 0.30 Dec/17 -0.2 0.1 0.1 0.1
Slovakia -1.00 Dec/17 -0.8 -0.2 -0.2 -0.2
Slovenia 0.00 Dec/17 0.4 0.5 0.5 0.5
South Africa -4.60 Dec/17 -4.1 -4.2 -4.2 -4.2
South Korea -2.00 Dec/17 -2.3 -2.7 -2.7 -2.7
Spain -3.10 Dec/17 -2.5 -1.5 -1.5 -1.5
Sri Lanka -5.50 Dec/17 -5.6 -5.9 -5.9 -5.9
Sudan -2.40 Dec/17 -2 -2.2 -2.2 -2.2
Suriname -5.70 Dec/16 -5.7 -5.7 -5.7 -5.7
Swaziland -8.20 Dec/17 -8.2 -8.2 -8.2 -8.2
Sweden 1.30 Dec/17 0.5 1.1 1.1 1.1
Switzerland 1.20 Dec/17 1 1.2 1.2 1.2
Syria -11.40 Dec/12 -11.4 -11.4 -11.4 -11.4
Taiwan -1.40 Dec/16 -1.8 -2.1 -2.1 -2.1
Tajikistan -1.70 Dec/16 -2.6 -3.2 -3.2 -3.2
Tanzania -2.10 Dec/17 -2.1 -2.1 -2.1 -2.1
Thailand -2.70 Dec/17 -2.8 -2.9 -2.9 -2.9
Togo -1.50 Dec/17 -1.5 -1.5 -1.5 -1.5
Trinidad and Tobago -8.50 Dec/17 -7.9 -8.3 -8.3 -8.3
Tunisia -5.30 Dec/17 -4.9 -4.3 -4.3 -4.3
Turkey -1.50 Dec/17 -2 -1.8 -1.8 -1.8
Turkmenistan -0.90 Dec/17 -0.8 -0.9 -0.9 -0.9
Uganda -3.30 Dec/17 -3.3 -3.3 -3.3 -3.3
Ukraine -1.40 Dec/17 -2.4 -2.6 -2.6 -2.6
United Arab Emirates -2.60 Dec/17 0.5 1.2 1.2 1.2
United Kingdom -2.30 Dec/17 -2 -1.2 -1.2 -1.2
United States -3.50 Dec/17 -5 -5 -5 -5
Uruguay -3.00 Dec/17 -3.1 -2.9 -2.9 -2.9
Uzbekistan -3.00 Dec/17 -2.3 -2.1 -2.1 -2.1
Venezuela -20.00 Dec/15 -30 -45 -45 -45
Vietnam -3.50 Dec/17 -3.4 -3.2 -3.2 -3.2
Yemen -13.50 Dec/16 -13.5 -13.5 -13.5 -13.5
Zambia -6.10 Dec/17 -6.1 -6.1 -6.1 -6.1
Zimbabwe -1.10 Dec/16 -1.1 -1.1 -1.1 -1.1


Government Budget - Forecast - 2018-2020