Craig Eisele on …..

March 9, 2012

Global GDP Forecast Chart

Filed under: Uncategorized — Mr. Craig @ 2:11 am

GDP forecasts

Mar 8th 2012, 20:24 by The Economist online

OUR forecasters are predicting a difficult 2012 for many countries, but a return to form for some in 2013. In Europe, a number of economies are expected to shrink this year, with Italy and Spain doing worst among those we track. But after contracting by 0.6% in 2012, the euro area is expected to rebound slightly, growing by 0.7% in 2013. Japan is the only country expected to do better this year than next, due to near-term spending on post-earthquake reconstruction and a government subsidy for energy-efficient cars. Its economy will also be helped by an uptick in America’s growth rate. Both countries recently revised up their GDP figures for 2011, putting them in better shape going into 2012. Still, overall GDP growth of the economies we track will remain relatively slow, averaging around 1.4% this year.


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