Mr. Marloweasked the Chancellor of the Exchequer what are his best estimates for growth over each of the last three years in Japan, Sweden, Norway, Austria, Australia and the EEC.
§ Mr. Lawson[pursuant to his reply, 15 January 1981]: The latest available information is given in the table below. OECD Economic Outlook—December 1980, tables 2 and 3—contains forecasts of the growth between 1979 and 1980 for each of the countries specified.
232W
Percentage increase in gross domestic product at constant market prices 1979–77 1977–78 1978–79 Japan +5.4 +5.9 +5.9 Sweden -2.7 +2.8 +3.8 Norway +3.6 +3.3 +3.2 Austria +4.4 +1.0 +5.1 Australia +0.9 +1.7 +4.4 EEC +2.3 +3.2 +3.4 Source: OECD Main Economic Indicators, December 1980.