Figure 1. World Output and Inflation (Annual percent change) Top Panel World Average 1970A1 4.9 3.7 1971A1 4.5 3.7 1972A1 5.5 3.7 1973A1 6.9 3.7 1974A1 2.8 3.7 1975A1 1.9 3.7 1976A1 5.1 3.7 1977A1 4.6 3.7 1978A1 4.6 3.7 1979A1 3.9 3.7 1980A1 2.5 3.7 1981A1 2.0 3.7 1982A1 1.2 3.7 1983A1 2.8 3.7 1984A1 5.0 3.7 1985A1 3.9 3.7 1986A1 3.8 3.7 1987A1 4.1 3.7 1988A1 4.7 3.7 1989A1 3.8 3.7 1990A1 2.7 3.7 1991A1 1.8 3.7 1992A1 2.8 3.7 1993A1 2.7 3.7 1994A1 4.1 3.7 1995A1 3.7 3.7 1996A1 4.0 3.7 1997A1 4.2 3.7 1998A1 4.4 3.7 1999A1 4.4 3.7 2000A1 4.6 3.7 2001A1 4.6 3.7 2002A1 4.6 3.7 Infaltion Bottom panel Advanced Developing economies countries 1970A1 6.1 4.4 1971A1 6.3 4.8 1972A1 5.9 6.1 1973A1 8.4 11.1 1974A1 12.7 17.1 1975A1 11.6 14.1 1976A1 8.8 9.7 1977A1 8.6 11.1 1978A1 8.5 10.0 1979A1 9.0 11.5 1980A1 10.6 14.1 1981A1 9.9 12.6 1982A1 7.9 10.4 1983A1 6.2 9.3 1984A1 6.3 10.0 1985A1 5.2 9.0 1986A1 3.9 8.0 1987A1 3.3 8.1 1988A1 3.8 8.4 1989A1 4.4 9.0 1990A1 4.5 10.4 1991A1 4.5 12.1 1992A1 3.3 9.8 1993A1 2.8 9.5 1994A1 2.2 11.1 1995A1 2.3 10.0 1996A1 2.0 7.0 1997A1 2.0 5.4 1998A1 2.2 5.0 1999A1 2.1 4.0 2000A1 2.1 3.8 2001A1 2.1 3.6 2002A1 2.1 3.6 Source: World Economic Outlook, October 1997 ©1997 International Monetary Fund