Global Economic Outlook and Strategy - Kadin Indonesia
Global Economic Outlook and Strategy - Kadin Indonesia
Global Economic Outlook and Strategy - Kadin Indonesia
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February 27, 2008<br />
<strong>Global</strong> <strong>Economic</strong> <strong>Outlook</strong> <strong>and</strong> <strong>Strategy</strong><br />
Figure 24. Long-Term Forecasts (Calendar Average), as of Feb 28, 2008<br />
Ten-Year Yields Exchange Rate vs. U.S. Dollar Exchange Rate vs. Euro<br />
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012<br />
United States 3.75% 4.25% 4.75% 5.00% 5.00% NA NA NA NA NA 1.50 1.45 1.47 1.50 1.52<br />
Japan 1.68 1.90 2.50 2.75 2.25 108 110 100 95 95 162 160 147 143 144<br />
Euro Area a 4.05 4.40 4.40 4.40 4.40 1.50 1.45 1.47 1.50 1.52 NA NA NA NA NA<br />
Canada 3.91 4.41 4.75 4.90 4.90 1.04 1.06 1.08 1.13 1.15 1.56 1.54 1.59 1.70 1.75<br />
Australia b 6.35 6.40 6.75 6.50 6.50 0.92 0.87 0.82 0.78 0.78 1.63 1.67 1.79 1.92 1.95<br />
New Zeal<strong>and</strong> c 6.35 6.30 6.75 6.75 6.75 0.77 0.72 0.69 0.66 0.65 1.95 2.01 2.13 2.27 2.34<br />
Denmark 4.10 4.45 4.45 4.45 4.45 NA NA NA NA NA NA NA NA NA NA<br />
Norway 4.85 5.30 5.20 5.10 5.10 4.99 5.00 4.90 4.74 4.61 7.48 7.25 7.21 7.11 7.01<br />
Sweden 4.25 4.65 4.65 4.65 4.65 6.13 6.31 6.16 6.00 5.92 9.20 9.15 9.05 9.00 9.00<br />
Switzerl<strong>and</strong> 3.20 3.50 3.50 3.50 3.50 1.04 1.11 1.10 1.08 1.06 1.56 1.61 1.62 1.62 1.61<br />
United Kingdom d 4.75 5.10 5.10 5.10 5.10 1.95 1.93 2.10 2.17 2.20 0.77 0.75 0.70 0.69 0.69<br />
China e 4.1 4.0 4.5 5.0 5.5 6.98 6.35 5.89 5.58 5.40 10.5 9.2 8.7 8.4 8.2<br />
India 7.3 7.5 7.5 7.0 7.0 38.5 36.0 35.0 33.0 31.0 57.8 52.2 51.5 49.5 47.1<br />
Korea e 4.9 5.2 5.5 5.5 5.5 950 890 850 800 800 1425 1291 1250 1200 1216<br />
Pol<strong>and</strong> 5.9 5.7 5.5 5.5 5.4 2.41 2.43 2.32 2.21 2.12 3.61 3.52 3.42 3.32 3.22<br />
Russia 6.6 6.7 6.6 6.6 6.5 24.0 24.5 24.4 24.2 24.0 36.0 35.5 35.9 36.2 36.4<br />
South Africa 8.0 8.1 8.7 9.0 9.3 7.37 8.00 8.20 8.55 8.90 11.05 11.60 12.05 12.83 13.53<br />
Turkey NA NA NA NA NA 1.26 1.34 1.34 1.34 1.34 1.90 1.94 1.97 2.00 2.04<br />
Brazil 10.7 9.7 9.4 9.1 9.0 1.79 1.88 1.93 1.98 2.03 2.69 2.72 2.83 2.96 3.08<br />
Mexico 7.4 7.1 7.2 7.2 7.2 10.9 11.0 11.1 11.3 11.5 16.3 15.9 16.3 17.0 17.5<br />
a<br />
Ten-year bund yield. Exchange rate versus U.S. dollar shows US$/€ . b US$/A$. c US$/NZ$. d US$/£. e Five-year bond yield.<br />
Source: Citi forecasts.<br />
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