IMF Cuts US, Japan 2011 GDP Forecast

by Tyler Durden
03/30/2011 09:40 -0400
[ b]56 comments [/b]

Reuters reports that just as Zero Hedge has been expecting as along, global economic growth is starting to slow. According to a leaked copy of the World Economic Outlook report coming out shortly:

* US GDP growth has been cut to 2.8% from 3.0% in 2011; while 2012 (which will be cut at a later date) was raised to 2.9% from 2.7%.

* Japan 2011 GDP cut to 1.4% from 1.6%, 2012 to 2.1% from 1.8% (same as above)

* Euro zone 2011 GDP raised to 1.6% from 1.5% in 2011; 2012 raised to 1.8% from 1.7% - good luck with this one.

* China 2011 GDP remains at 9.6%, slowing to 9.5% in 2012

More as we see it.

http://www.zerohedge.com/article/imf-cu ... p-forecast