Global growth will slow more sharply than expected in 2011 as advanced economies slash their budgets amid the continuing sovereign debt crisis, the International Monetary Fund said Wednesday.

Growth prospects for the U.S. took the IMF’s largest downgrade, falling to 2.3% in 2011 from a previous estimate of 2.9%.

China’s growth rate is still expected to fall slightly to a still-steamy 9.6% from 10.5%.

The IMF sees euro-zone economies averaging 1.7% growth this year and 1.5% next year — both improvements on its previous projection, helped by strength in Germany.

http://online.wsj.com/article/SB10001424052748703735804575535703112209576.html?mod=djemalertNEWS

Table of IMF’s projected growth for U.S., euro zone, China and other major economies: http://blogs.wsj.com/economics/2010/10/06/sortable-chart-the-imfs-new-growth-projections/

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