The world keeps slowing down. The IMF has again cut its estimates of world GDP growth. The new draft of the World Economic Outlook, published just one month afterlatest version, cuts the forecast from 4,2 to 4% for this year and from 4,3 to 4,2% for next.
The most visible step backwards is that of Euroland (which slows down from +1,9 to +1,3% on 2011 and from +1,4 to +1,3 on 2012), but surprisingly the Emerging countries (respectively from +6,6 to +6,5% and from +6,4 to +6,2%).
As far as Italy is concerned, a scenario of serious stagnation is looming: in 2012 we could expect very low growth, just 0,5% of GDP.
