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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.
GDP Growth:
- 2010: 3.0%
- 2011E: 1.7%
- 2012E: 1.9%
CPI Inflation:
- 2010: 1.6%
- 2011E: 3.2%
- 2012E: 1.9%
Source: Citi
GDP Growth:
- 2010: 4.0%
- 2011E: -0.4%
- 2012E: 2.1%
CPI Inflation:
- 2010: -0.7%
- 2011E: 0.0%
- 2012E: -0.3%
Source: Citi
GDP Growth:
- 2010: 3.6%
- 2011E: 3.0%
- 2012E: 1.0%
CPI Inflation:
- 2010: 1.1%
- 2011E: 2.3%
- 2012E: 2.0%
Source: Citi
GDP Growth:
- 2010: 1.4%
- 2011E: 1.6%
- 2012E: 0.2%
CPI Inflation:
- 2010: 1.7%
- 2011E: 2.2%
- 2012E: 1.8%
Source: Citi
GDP Growth:
- 2010: 1.2%
- 2011E: 0.5%
- 2012E: -1.0%
CPI Inflation:
- 2010: 1.6%
- 2011E: 3.0%
- 2012E: 2.7%
Source: Citi
GDP Growth:
- 2010: -0.1%
- 2011E: 0.6%
- 2012E: -0.7%
CPI Inflation:
- 2010: 2.0%
- 2011E: 2.9%
- 2012E: 0.7%
Source: Citi
GDP Growth:
- 2010: 1.4%
- 2011E: 1.0%
- 2012E: 0.7%
CPI Inflation:
- 2010: 3.3%
- 2011E: 4.4%
- 2012E: 2.9%
Source: Citi
GDP Growth:
- 2010: 5.4%
- 2011E: 4.3%
- 2012E: 2.1%
CPI Inflation:
- 2010: 1.2%
- 2011E: 3.0%
- 2012E: 2.0%
Source: Citi
GDP Growth:
- 2010: 9.2%
- 2011E: 7.4%
- 2012E: 7.3%
CPI Inflation:
- 2010: 4.2%
- 2011E: 5.8%
- 2012E: 4.7%
Source: Citi
GDP Growth:
- 2010: 6.1%
- 2011E: 4.5%
- 2012E: 4.1%
CPI Inflation:
- 2010: 7.5%
- 2011E: 8.2%
- 2012E: 7.5%
Source: Citi
GDP Growth:
- 2010: 4.6%
- 2011E: 4.4%
- 2012E: 2.3%
CPI Inflation:
- 2010: 6.1%
- 2011E: 6.8%
- 2012E: 6.2%
Source: Citi
GDP Growth:
- 2010: 2.7%
- 2011E: 1.4%
- 2012E: 3.7%
CPI Inflation:
- 2010: 2.8%
- 2011E: 3.3%
- 2012E: 2.5%
Source: Citi
GDP Growth:
- 2010: 10.4%
- 2011E: 9.0%
- 2012E: 8.7%
CPI Inflation:
- 2010: 3.3%
- 2011E: 5.3%
- 2012E: 4.2%
Source: Citi
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