Citi Presents The Complete Economic Outlook For The Entire World

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The world’s economies have been sending out mixed signals in recent months.  But overall, the trend has been negative.Citigroup recently lowered its estimate for 2011 global GDP growth to 3.0% from 3.4%.  It also slashed its 2012 projection to 2.9% from 3.8%.

Emerging Markets continue to be a key growth driver, but will decelerate from 7.3% in 2010, to 6.1% in 2011, to 5.6% 2012.

Citi’s report breaks down GDP and inflation expectations by region.

United States

GDP Growth:

  • 2010: 3.0%
  • 2011E: 1.7%
  • 2012E: 1.9%

CPI Inflation:

  • 2010: 1.6%
  • 2011E: 3.2%
  • 2012E: 1.9%

Source: Citi

Japan

GDP Growth:

  • 2010: 4.0%
  • 2011E: -0.4%
  • 2012E: 2.1%

CPI Inflation:

  • 2010: -0.7%
  • 2011E: 0.0%
  • 2012E: -0.3%

Source: Citi

Germany

GDP Growth:

  • 2010: 3.6%
  • 2011E: 3.0%
  • 2012E: 1.0%

CPI Inflation:

  • 2010: 1.1%
  • 2011E: 2.3%
  • 2012E: 2.0%

Source: Citi

France

GDP Growth:

  • 2010: 1.4%
  • 2011E: 1.6%
  • 2012E: 0.2%

CPI Inflation:

  • 2010: 1.7%
  • 2011E: 2.2%
  • 2012E: 1.8%

Source: Citi

Italy

GDP Growth:

  • 2010: 1.2%
  • 2011E: 0.5%
  • 2012E: -1.0%

CPI Inflation:

  • 2010: 1.6%
  • 2011E: 3.0%
  • 2012E: 2.7%

Source: Citi

Spain

GDP Growth:

  • 2010: -0.1%
  • 2011E: 0.6%
  • 2012E: -0.7%

CPI Inflation:

  • 2010: 2.0%
  • 2011E: 2.9%
  • 2012E: 0.7%

Source: Citi

United Kingdom

GDP Growth:

  • 2010: 1.4%
  • 2011E: 1.0%
  • 2012E: 0.7%

CPI Inflation:

  • 2010: 3.3%
  • 2011E: 4.4%
  • 2012E: 2.9%

Source: Citi

Sweden

GDP Growth:

  • 2010: 5.4%
  • 2011E: 4.3%
  • 2012E: 2.1%

CPI Inflation:

  • 2010: 1.2%
  • 2011E: 3.0%
  • 2012E: 2.0%

Source: Citi

Asia

GDP Growth:

  • 2010: 9.2%
  • 2011E: 7.4%
  • 2012E: 7.3%

CPI Inflation:

  • 2010: 4.2%
  • 2011E: 5.8%
  • 2012E: 4.7%

Source: Citi

Latin America

GDP Growth:

  • 2010: 6.1%
  • 2011E: 4.5%
  • 2012E: 4.1%

CPI Inflation:

  • 2010: 7.5%
  • 2011E: 8.2%
  • 2012E: 7.5%

Source: Citi

Central/Eastern Europe

GDP Growth:

  • 2010: 4.6%
  • 2011E: 4.4%
  • 2012E: 2.3%

CPI Inflation:

  • 2010: 6.1%
  • 2011E: 6.8%
  • 2012E: 6.2%

Source: Citi

Australia

GDP Growth:

  • 2010: 2.7%
  • 2011E: 1.4%
  • 2012E: 3.7%

CPI Inflation:

  • 2010: 2.8%
  • 2011E: 3.3%
  • 2012E: 2.5%

Source: Citi

China

GDP Growth:

  • 2010: 10.4%
  • 2011E: 9.0%
  • 2012E: 8.7%

CPI Inflation:

  • 2010: 3.3%
  • 2011E: 5.3%
  • 2012E: 4.2%

Source: Citi

Global Unemployment

Late last week fresh jobless figures were released that will impact growth into 2012.
Click here to see unemployment rates in the world's largest economies >

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