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Figure 7.1    Germany - Budget Deficit Cyclical Adjustment - Real Time

—ge∙ GEGBR outturn            -----GEGBR-Cyclically adjusted   —I— GEGBR-adjusted upper bound

■ GEGBR-adjusted lower bound ......GEGBR-adjusted full sample

Figure 7.2 UK - Budget Deficit Cyclical Adjustment - Real Time

UKGBR outturn            -----UKGBR-Cyclically adjusted   —I—UKGBR-adjusted upper bound

■ UKGBR-adjusted lower bound......UKGBR-adjusted full sample

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