very interesting. earlier forecasts had growth at apprx 10% in China. A bit of a surprise for me is Brazil.
On the plus side, less growth means less pollution, hopefully continued lower prices on gas.... On Jan 28, 10:35 am, Xi Ling <[email protected]> wrote: > http://www.imf.org/external/pubs/ft/weo/2009/update/01/index.htm > > * The world economy is facing a deep downturn. > > Global growth in 2009 is expected to fall to ½ percent when measured in > terms of purchasing power parity and to turn negative when measured in terms > of market exchange rates (fig 1). > > the outlook is highly uncertain, and the timing and pace of the recovery > depend critically on strong policy actions. (my comment: in other words, the > rebound that fig. 1 draws is just a wish, no data yet to predict a rebound) > > * Financial markets remain under stress. > > * A pernicious feedback loop between the real and financial sectors is > taking its toll. > > (see fig.2) > > * Advanced economies are suffering their deepest recession since World War > II. > > * Emerging and developing economies are experiencing a serious slowdown. > > * Anemic global growth has reversed the commodity price boom. > > * Inflation pressures are subsiding. > > * The uncertainty surrounding the outlook is unusually large. > > Overview of the World Economic Outlook Projections. World output 2009 > (projection) > > Europe -2% > > USA -1.6% > > Japan -2.6% > > China 6.8% > > India 5.1% > > Russia -0.7% > > Brasil 1.8% > > Middle East 3.9% > > ASEAN 2.7% > > Africa 3.4% > > Peace and best wishes. > > Xi > > fig1.jpg > 39KViewDownload > > fig2.jpg > 46KViewDownload --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
