World Economic Outlook, October 2020 - WEO_PUB_OCT2020

Data - IMF

Author

François Geerolf

SUBJECT / CONCEPT

Code 
WEO |>
  left_join(CONCEPT, by = "CONCEPT") |>
  left_join(UNIT, by = "UNIT") |>
  group_by(CONCEPT, Concept, Unit) |>
  summarise(Nobs = n()) |>
  arrange(-Nobs) %>%
  {if (is_html_output()) datatable(., filter = 'top', rownames = F) else .}

Country

Code 
WEO |>
  left_join(REF_AREA, by = "REF_AREA") |>
  group_by(REF_AREA, Ref_area) |>
  summarise(Nobs = n()) |>
  arrange(-Nobs) |>
  mutate(Flag = gsub(" ", "-", str_to_lower(gsub(" ", "-", Ref_area))),
         Flag = paste0('<img src="../../icon/flag/vsmall/', Flag, '.png" alt="Flag">')) |>
  select(Flag, everything()) %>%
  {if (is_html_output()) datatable(., filter = 'top', rownames = F, escape = F) else .}

Output gap (% of Potential Output)

Italy, France, Greece, Spain, Germany

Flag colors

Code 
WEO |>
  time_to_date() |>
  left_join(REF_AREA, by = "REF_AREA") |>
  filter(CONCEPT == "NGAP_NPGDP",
         Ref_area %in% c("Italy", "France", "Greece", "Spain", "Germany"),
         date >= as.Date("2000-01-01")) |>
    mutate(OBS_VALUE = OBS_VALUE/100) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
ggplot() + scale_color_identity() + add_flags + 
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) +
  theme_minimal() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.15, 0.2),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = 0.01*seq(-90, 90, 2),
                     labels = percent_format(accuracy = 1)) +
  ylab("Output Gap (% of Potential Output)") + xlab("")

Flags

Code 
WEO |>
  time_to_date() |>
  left_join(REF_AREA, by = "REF_AREA") |>
  filter(CONCEPT == "NGAP_NPGDP",
         Ref_area %in% c("Italy", "France", "Greece", "Spain", "Germany"),
         date >= as.Date("2000-01-01")) |>
    mutate(OBS_VALUE = OBS_VALUE/100) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
ggplot() + scale_color_identity() + add_flags + 
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) +
  theme_minimal() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.15, 0.2),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = 0.01*seq(-90, 90, 2),
                     labels = percent_format(accuracy = 1)) +
  ylab("Output Gap (% of Potential Output)") + xlab("")

Flags / No Legends

Code 
WEO |>
  time_to_date() |>
  left_join(REF_AREA, by = "REF_AREA") |>
  filter(CONCEPT == "NGAP_NPGDP",
         Ref_area %in% c("Italy", "France", "Greece", "Spain", "Germany"),
         date >= as.Date("2000-01-01")) |>
    mutate(OBS_VALUE = OBS_VALUE/100) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
ggplot() + scale_color_identity() + add_flags + 
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) +
  theme_minimal() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = "none") +
  scale_y_continuous(breaks = 0.01*seq(-90, 90, 2),
                     labels = percent_format(accuracy = 1)) +
  ylab("Output Gap (% of Potential Output)") + xlab("")

Flags / No Legends

Code 
WEO |>
  time_to_date() |>
  left_join(REF_AREA, by = "REF_AREA") |>
  filter(CONCEPT == "NGAP_NPGDP",
         Ref_area %in% c("Italy", "France", "Greece", "Spain", "Germany"),
         date >= as.Date("2000-01-01"),
         date <= as.Date("2019-01-01")) |>
    mutate(OBS_VALUE = OBS_VALUE/100) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
ggplot() + scale_color_identity() + add_flags + 
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) +
  theme_minimal() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = "none") +
  scale_y_continuous(breaks = 0.01*seq(-90, 90, 2),
                     labels = percent_format(accuracy = 1)) +
  ylab("Output Gap (% of Potential Output)") + xlab("")

Flags / No Legends (français)

Code 
WEO |>
  time_to_date() |>
  left_join(REF_AREA, by = "REF_AREA") |>
  filter(CONCEPT == "NGAP_NPGDP",
         Ref_area %in% c("Italy", "France", "Greece", "Spain", "Germany"),
         date >= as.Date("2000-01-01")) |>
    mutate(OBS_VALUE = OBS_VALUE/100) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
ggplot() + scale_color_identity() + add_flags + 
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) +
  theme_minimal() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = "none") +
  scale_y_continuous(breaks = 0.01*seq(-90, 90, 2),
                     labels = percent_format(accuracy = 1)) +
  ylab("Ecarts de Production (% de PIB Potentiel)") + xlab("")

Date

Code 
WEO |>
  group_by(TIME_PERIOD) |>
  summarise(Nobs = n()) |>
  arrange(-Nobs) %>%
  {if (is_html_output()) datatable(., filter = 'top', rownames = F) else .}

Real Growth Rates

All

Code 
WEO |>
  left_join(REF_AREA, by = "REF_AREA") |>
  time_to_date() |>
  filter(CONCEPT == "NGDP_RPCH",
         Ref_area %in% c("Italy", "France", "Greece", "Spain", "Germany")) |>
    mutate(OBS_VALUE = OBS_VALUE/100) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
ggplot() + scale_color_identity() + add_flags + 
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) +
  theme_minimal() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.15, 0.2),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = 0.01*seq(-90, 90, 2),
                     labels = percent_format(accuracy = 1)) +
  ylab("Real Growth Rate") + xlab("")

1990-

Code 
WEO |>
  left_join(REF_AREA, by = "REF_AREA") |>
  time_to_date() |>
  filter(CONCEPT == "NGDP_RPCH",
         Ref_area %in% c("Italy", "France", "Greece", "Spain", "Germany"),
         date >= as.Date("1990-01-01")) |>
    mutate(OBS_VALUE = OBS_VALUE/100) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
ggplot() + scale_color_identity() + add_flags + 
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) +
  theme_minimal() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.15, 0.2),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = 0.01*seq(-90, 90, 2),
                     labels = percent_format(accuracy = 1)) +
  ylab("Real Growth Rate") + xlab("")

2000-

Code 
WEO |>
  left_join(REF_AREA, by = "REF_AREA") |>
  time_to_date() |>
  filter(CONCEPT == "NGDP_RPCH",
         Ref_area %in% c("Italy", "France", "Greece", "Spain", "Germany"),
         date >= as.Date("2000-01-01")) |>
    mutate(OBS_VALUE = OBS_VALUE/100) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
ggplot() + scale_color_identity() + add_flags + 
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) +
  theme_minimal() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.15, 0.2),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = 0.01*seq(-90, 90, 2),
                     labels = percent_format(accuracy = 1)) +
  ylab("Real Growth Rate") + xlab("")