The World Bank has slightly revised downwards its forecasts for global growth for 2011 from 3,3% formulated in January to a more modest 3,2% due to the disaster of March 11 in Japan and to the tensions that have been pass through several Arab countries. The forecasts of a recovery in 2012 supported by a +3,6% of GDP remain unchanged. According to the Washington-based institution, for emerging countries, the real engine of the world economy in the post-crisis, the priority now becomes the fight against overheating of their economies and inflation. Their growth should be around 6,3% this year and 6,2% next, a figure down from a year ago when they grew by 7,3%, but higher than the January estimates which did not exceed the 6% for 2001 and 6,1% for 2012. The picture is completely different for rich countries which should grow by 2,2% this year and 2,3% next. As for the United States, the World Bank - despite reselling its growth estimates downwards (from 2,8% to 2,6% for the current year) and despite the uninspiring macro data of recent days - considers it unlikely feared possibility of a double dip recession.
