Wednesday, February 1, 2012

IMF forecast eurozone gdp 2012

World Economic outlook - IMF forecast eurozone gdp 2012 : The IMF predicts the global economy will grow by 3.25% in 2012, down from an earlier forecast of 4%.

But the eurozone is set for a "mild recession" in 2012, with GDP expected to shrink by 0.5%, compared with a previous forecast of 1.1% growth.

The growth forecast for the UK economy has been cut to 0.6% from 1.6%.

Germany is forecast to grow 0.3% in 2012, down from the 1.3% originally predicted in September.

France is expected to show 0.2% growth in 2012, down from 1.4%.

However, the IMF stands by its 1.8% growth prediction for the US, based on recent strong domestic data on jobs and manufacturing.

Emerging markets, such as central and eastern Europe and Asia, could also be hit by the eurozone crisis

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