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Figure 1 – GDP ‘deviations’ from reference scenarios,PNG

Figure 1 – GDP 'deviations' from reference scenarios

Figure 1 – GDP ‘deviations’ from reference scenarios

According to a cautious forecast made by
the Bertelsmann Foundation, the GDP
growth rates of western European countries
could be between 0.02 and 0.06 percentage
points lower per year, based on a one per
cent increase in import prices in intra-
European trade. In its more pessimistic
scenario, based on a three per cent increase
in prices, GDP growth rates would be
between 0.07 and 0.18 percentage points
lower. (Figure 1 shows the cumulative effect
of the changes on GDP growth rates in
certain countries up to 2025.)

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