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- OECD Economic Outlook:
OECD Economic Outlook:
cuts 2011 UK growth forecast to 0.9% vs previous 1.4%;
cuts UK 2012 fcast to 0.5% vs prev 1.8%; 2013 seen 1.8%;
cuts China 2012 GDP forecast to 8.5% from 9.2%; 2011 9.3%;
lower CPI, house prices to allow China rate cut mid-2012;
see Greece 2011 GDP -6.1%, 2012 -3.0%, 2013 +0.5%;
see Greece 2011 public deficit 9.0%, 2012 7.0%, 2013 5.3%;
sees EMU GDP of 1.6% in '11, 0.2% in '12, 1.4% in '13;
sees EMU hicp of 2.6% in '11, 1.6% in '12, 1.2% in '13;
see negative EMU growth in q4, q1, muted recovery mid-'12;
Italy 2011 GDP +0.7%, 2012 -0.5%, 2013 +0.5%;
Italy 2011 debt ratio 120%, 2012 120.4%, 2013 118.9%;
Italy 2011 public deficit ratio 3.6%,2012 1.6%,2013 -0.1%;
German GDP to grow at 0.6% in 2012; 1.9% in 2013;
France GDP to grow at 0.3% in 2012; 1.4% in 2013.
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