• US 2013 growth to 2.3% vs 2.4% prior
  • India 2013 growth to 6.5% from 7.3% in April forecast
  • Spain will contract 0.6% vs +0.1% prior
  • Eurozone 2013 growth +0.7% vs +0.9%
  • 2013 Japan growth to 1.5% vs 1.7% exp
  • UK growth 1.4% vs 2.0% prior
  • China 8.5% vs 8.8% prior
  • Downside risk to growth outlook “loom large”

Wow. Not a positive headline to be found. Can’t we all just eat lobster?