- Lowers euro zone GDP outlook for 2012 to -0.4% from -0.3%, +0.2% in 2013 from +0.7%.
- Says top priority for Europe is to resolve debt crisis, this requires progress toward banking, fiscal union.
- Cuts Japan 2012 growth forecast to 2.2% from 2.4%, 2013 to 1.2% from 1.5%.
- Says BOJ easing to help growth, more may be needed to reach 1% CPI goal.
- Cuts China 2012 growth forecast to 7.8% from 8.0%, 2013 forecast at 8.2% from 8.5%.
- Says ECB could lower interest rates even further.
- Says “imperative” for U.S. to avoid year-end fiscal cliff, says could cost U.S. 4% of GDP in 2013 if impact fully felt.
- Cuts 2012 global GDP growth forecast to 3.3% from 3.5% in July and 2013 forecast to 3.6% from 3.9%.
- Sees advanced economies growing 1.3% in 2012, 1.5% in 2013.
- Emerging/developing economies growing 5.3% in 2012 and 5.6% in 2013.
- “General feeling of uncertainty” holding back global growth.
- U.S., Canadian economies both likely to grow around 2% in 2012 and 2013, but both face large downside risks.
A few more to go, just ask if you need anything else.
