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The global outlook in summary, 2011-2015

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(percent change from previous year, except interest rates and oil prices)
Global Conditions     
World Trade Volume (GNFS)
Consumer Prices     
  G-7 Countries 1,25.3-0.6-
  United States2.
Commodity Prices (USD terms)     
  Non-oil commodities20.7-9.5-4.7-1.1-1.5
Oil Price (US$ per barrel) 3104.0105.0102.4101.0101.0
  Oil price (percent change)31.61.0-2.5-1.3-0.1
Manufactures unit export value 48.5-
Interest Rates      
  $, 6-month (percent)
  €, 6-month (percent)
International capital flows to developing countries (% of GDP)  
 Developing countries     
  Net private and official inflows5.
  Net private inflows (equity + debt)
   East Asia and Pacific5.
   Europe and Central Asia5.
   Latin America and Caribbean5.
   Middle East and N. Africa1.
   South Asia3.
   Sub-Saharan Africa4.
Real GDP growth 5     
 Memo item: World (2005 PPP weights)
 High income1.
   OECD Countries1.
   Euro Area1.5-0.5-
   United States1.
   Non-OECD countries4.
 Developing countries6.
   East Asia and Pacific8.
   Europe and Central Asia5.
   Latin America and Caribbean4.
   Middle East and N. Africa-
    Iran 1.7-1.9-
   South Asia7.
    India 6,
    Pakistan 6,
   Sub-Saharan Africa4.
    South Africa3.
Memorandum items     
 Developing countries     
  excluding transition countries6.
  excluding China and India4.
Source: World Bank.
Notes: PPP = purchasing power parity; e = estimate; f = forecast.
1. Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
2. In local currency, aggregated using 2005 GDP weights.
3. Simple average of Dubai, Brent and West Texas Intermediate.
4. Unit value index of manufactured exports from major economies, expressed in USD.
5. Aggregate growth rates calculated using constant 2005 dollars GDP weights.
6. In keeping with national practice, data for Bangladesh, Egypt, India, and Pakistan are reported on a fiscal year basis in this table. Aggregates that depend on these countries, however, are calculated using data compiled on a calendar year basis.
7. Real GDP at factor cost, consistent with reporting practice in Pakistan and India. See Table SAR.2, South Asia Regional Annex for details.

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