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2.3 Economic performance

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Question 70

Extract D: OECD actual and forecast real GDP growth rates for selected European economies (% per annum)

EconomyActual 2022Actual 2023OECD forecasts for 2024: Initial forecastOECD forecasts for 2024: Revised forecast
Sweden2.8-0.21.20.6
Norway3.31.11.81.3
Denmark3.81.81.51.1
Finland1.6-0.50.80.2
Estonia-0.5-3.01.1-0.4
OECD Average2.91.61.71.4

Explain how the data in Extract D show that the OECD has become less confident about economic growth rates.

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Markscheme

2.3 Economic performance Questions

  1. A Level
  2. /Economics
  3. /2.3 Economic performance

327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.

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