Revised IMF Growth Forecasts

July 8, 2010

Emerging markets will continue to power 4%+ growth in world GDP, according to new forecasts from the IMF.  In 2010, China, India and Brazil are projected to expand by over 10%, over 9%, and over 7%, respectively.  Forecast for each of those BRIC economies was revised above prior estimates crunched in April.  Economic growth among advanced economies is expected to average 2.5% this year and next but with a considerable dispersion depending on the region.

  • In North America, IMF officials project Canadian growth of 3.6% in 2010 followed by 2.8% in 2011.  The United States is seen climbing 3.3% this year and 2.9% next year.
  • Projected Japanese GDP growth of 2.4% in 2010 is forecast to moderate next year to a downwardly revised 1.8%.
  • Europe will trail behind.  Fiscally strapped Euroland will experience only a 1.0% rise of GDP in 2010, edging up to 1.3% in 2011.  Over the two years, growth is forecast to average 1.5% per annum in Germany and France, 1.0% in Italy and to be negative 0.4% followed by positive 0.6% in the bloc’s fourth biggest member, Spain.  Growth of 1.2% in 2010 and 2.1% in 2011 has been penciled in for Britain.

Copyright Larry Greenberg 2010.  All rights reserved.  No secondary distribution without express permission.



Comments are closed.