1/4/2011 00:00:00
The IMF cuts 2011 growth estimates for the United States and Japan, while revising slightly higher those for the Euro zone, including Italy, although the estimated growth remains below expectations of the Government. In the last draft of the World Economic Outlook in fact the estimate of the Italian GDP for 2011 was increased by 0.1 percentage point to 1.1%. But still remain at 1.3% the GDP forecast for 2012. The latest government estimates set growth at 1.3% this year and 2% next year. As for the U.S., the cut is 0.2 percentage points compared to the last official forecast in January, at 2.8%, while forecasts for the Euro area were revised by 0.1 points at 1.6%. In 2012, the U.S. GDP will rise by 2.9% (0.2 percentage points higher than previous estimates) and the Euro zone by 1.8% (0.1 points more). For China, which continues to drive the international recovery, the International Monetary Fund confirms the forecasts of economic growth for 2011 and 2012, respectively 9.6% and 9.5%.
