>Re:
>>
>>I wish I knew. Worse for the IMF, their period averages don't equal the
>>averages of the yearly numbers. They couldn't explain this either. I'm
>>looking to see if the October issue of the World Economic Outlook quietly
>>reconciles the contradictions. Though I understand they're down to their
>>last $30 billion.
>>
>>Doug
>
>Details handy?
Ok. Here are the German numbers, from the May 1998 WEO and the BLS website:
IMF BLS
1989-98 3.6%
1989 3.1% 3.1%
1990 3.5% 4.9%
1991 2.9% 3.0%
1992 4.0% -2.0%
1993 3.2% 0.4%
1994 8.6% 7.6%
1995 5.2% 2.9%
1996 5.5% 4.1%
1997 3.8% 3.8%
1998 3.5%
avg 4.3%
The "avg" row is the arithmetic average of the yearly figures; a compound figure would be slightly lower, but still nowhere near their 3.6%. The IMF press person explained that sometimes their averages include years not shown, which would be a neat trick in this case.
Doug