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Explaining G8 Effectiveness in the Approach to the New Millenium

Professor John Kirton
University of Toronto
Toronto, Canada

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TABLE G

Real GDP (Percentage changes from previous period)

 

 

 

 

US

 

Japan

 

Germany

 

France

 

Italy

 

UK

 

Canada

 

EU

 

Average 1970-79

 

3.5

 

4.6

 

2.9

 

3.5

 

3.6

 

2.4

 

4.9

 

3.2

 

1980

 

0.3

 

2.8

 

1.0

 

1.6

 

3.5

 

(2.2)

 

1.5

 

1.4

 

1981

 

2.5

 

3.2

 

0.1

 

1.2

 

0.5

 

(1.3)

 

3.7

 

0.1

 

1982

 

2.1

 

3.1

 

(0.9)

 

2.5

 

0.5

 

1.7

 

(3.2)

 

0.9

 

1983

 

4.0

 

2.3

 

1.8

 

0.7

 

1.2

 

3.7

 

3.2

 

1.7

 

1984

 

6.8

 

3.9

 

2.8

 

1.3

 

2.6

 

2.3

 

6.3

 

2.3

 

1985

 

3.7

 

4.4

 

2.0

 

1.9

 

2.8

 

3.8

 

4.8

 

2.6

 

1986

 

3.0

 

2.9

 

2.3

 

2.5

 

2.8

 

4.3

 

3.3

 

2.8

 

1987

 

2.9

 

4.2

 

1.5

 

2.3

 

3.1

 

4.8

 

4.2

 

2.9

 

1988

 

3.8

 

6.2

 

3.7

 

4.5

 

3.9

 

5.0

 

5.0

 

4.2

 

1989

 

3.4

 

4.8

 

3.6

 

4.3

 

2.9

 

2.2

 

2.4

 

3.5

 

1990

 

1.3

 

5.1

 

5.7

 

2.5

 

2.2

 

0.4

 

(0.2)

 

3.0

 

1991

 

1.0

 

4.0

 

5.0

 

0.8

 

1.1

 

(2.0)

 

(1.8)

 

1.5

 

1992

 

2.7

 

1.1

 

2.2

 

1.2

 

0.6

 

(0.5)

 

0.8

 

0.9

 

1993

 

2.3

 

0.1

 

(1.1)

 

(1.3)

 

(1.2)

 

2.1

 

2.2

 

(0.5)

 

1994

 

3.5

 

0.5

 

2.9

 

2.8

 

2.1

 

3.8

 

4.1

 

2.9

 

1995

 

2.0

 

0.9

 

1.9

 

2.2

 

3.0

 

2.4

 

2.3

 

2.5

 

1996*

 

2.4

 

3.6

 

1.1

 

1.3

 

0.8

 

2.4

 

1.5

 

1.6

 

1997*

 

2.2

 

1.6

 

2.2

 

2.5

 

1.2

 

3.3

 

3.3

 

2.4

 

1998*

 

2.0

 

3.7

 

2.6

 

2.6

 

2.1

 

3.0

 

3.3

 

2.7

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