IMF Economic Forecasts 2011-2012

The International Monetary Fund lowered its forecast for US economic growth to an annual rate of 2.5% in 2011 and 2.7% in 2012, down from its previous forecast of 2.8% for 2011 and 2.9% for 2012. The IMF asserted higher commodity prices, bad weather, and supply chain disruptions contributed to a slowing US economy in 2011.

The IMF predicted global economic activity to grow at an annual rate of 4.3% in 2011, which would be down from 5.1% in 2010. In the first quarter of 2011, global activity rose at a 4.3% rate. It predicts China, the world's second largest economy, will grow 9.6% this year, down from 10.3% in 2010, but still the strongest of any emerging economy.