In the OECD countries, the fiscal position is set to deteriorate from -3.2 per cent in 2008 to -7.7 per cent in 2009 and further to -8.8 per cent in 2010. The fiscal deficit is poised to more than double in the US, Japan and the Euro area in 2009 and further deteriorate in 2010.
-5Chart 2: Fiscal transfers more than offset labour income losses in 2020 Income and government transfers per capita (nominal) Total income* $  Government transfers† $  Disposable income‡ $  -2,000 -1,500 -1,000  -500  0  500  1,000  1,500  2,000  2,500  3,000  3,500  4,000 Dollars  Note: These figures represent the average per capita (population aged 15 and older) gap between a linear trend (2016 –19) and actual data in 2020.