GDP Forecasts by IMF – 2009

The world is forecasted to grow only 0.5 per cent in 2009 based on latest International Monetary Fund (IMF) report. (Source: AFP, 29 January 2009)

 

Economic growth numbers are measured through Gross Domestic Product (GDP). The world will see the slowest growth since the World War II with the advanced economies contracting by 2.0 per cent.

 

The forecasts of GDP growth are:

a)  US                   -1.6%

b)  Japan             – 2.6%

c)   Eurozone        – 2.0%

d)   Germany        – 2.5%

e)   Britain             – 2.8%

f)    China             + 6.7%

g)   India               + 5.1%

 

The IMF forecasted a gradual economic recovery next year based on earnest actions taken by many nations to ease credit crunch and expand their economies through fiscal and monetary policies. Global growth was forecasted to be 3.0 percent.

 

Written on 1/29/2009 4:43 PM

 

Copyright © 2009, the author known as LKT in Singapore.

 

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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