IMF Cuts US, Japan 2011 GDP Forecast

Tyler Durden's picture

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.