WASHINGTON: The International Monetary Fund on Tuesday cut its forecast for world economic growth this year and next, with activity in emerging-market economies offsetting the slow rebounds in the advanced economies.
Here are the IMF’s fresh forecasts for 2013 and 2014, with annual growth in percent change and, in parentheses, the percentage point change from its July forecast.
Country/region 2013 2014
World 2.9 ( -0.3) 3.6 (-0.2)
Advanced economies 1.2 (0.0) 2.1 (0.0)
United States 1.6 (-0.1) 2.6 (-0.2)
Eurozone -0.4 (0.1) 1.0 (0.0)
Germany 0.5 (0.2) 1.4 (0.1)
France 0.2 (0.3) 1.0 (0.1)
Italy -1.8 (0.0) 0.7 (0.0)
Spain -1.3 (0.3) 0.2 (0.1)
Japan 2.0 (-0.1) 1.2 (0.1)
Britain 1.4 (0.5) 1.9 (0.4)
Canada 1.6 (-0.1) 2.2 (-0.1)
Emerging market
& developing economies 4.5 (-0.5) 5.1 (-0.4)
Central & Eastern
Europe 2.3 (0.2) 2.7 (-0.1)
Russia 1.5 (-1.0) 3.0 (-0.3)
Developing Asia 6.3 (-0.6) 6.5 (-0.5)
China 7.6 (-0.2) 7.3 (-0.4)
India 3.8 (-1.8) 5.1 (-1.1)
Latin America &
Caribbean 2.7 (-0.3) 3.1 (-0.3)
Brazil 2.5 (0.0) 2.5 (-0.7)
Mexico 1.2 (-1.7) 3.0 (-0.2)
Middle East, North Africa,
Afghanistan, Pakistan 2.3 (-0.7) 3.6 (-0.1)
Sub-Saharan Africa 5.0 (-0.2) 6.0 (0.1)
South Africa 2.0 (0.0) 2.9 (0.0)
IMF cuts global growth forecast



