IMF cuts Japan, US 2011 GDP forecast, ups eurozone

The International Monetary Fund has cut its forecast for Japan's 2011 GDP growth after this month's devastating earthquake and has also lowered its near term outlook for the United States, Italian news agency ANSA reported on Wednesday.
The IMF cut Japan's 2011 growth forecast to 1.4 percent from a previous projection of 1.6 percent in January and cut its forecast for the United States to 2.8 percent from 3.0 percent, ANSA said, citing a draft of the IMF's World Economic Outlook report to be issued in April.
The IMF slightly raised its forecast for eurozone growth this year to 1.6 percent from 1.5 percent and increased the 2012 forecast to 1.8 percent from 1.7 percent, ANSA said.
The IMF made no change to its growth forecasts for China, seen at 9.6 percent in 2011 and 9.5 percent in 2012, and also left unchanged its global growth forecast for this year, seen at 4.4 percent, ANSA said. Its report did not include the IMF's forecast for 2012 global growth. The IMF trimmed its projection for Indian growth to 8.2 percent from 8.4 percent, and lowered its 2012 outlook to 7.8 percent from 8.0 percent. Italian growth has been raised marginally to 1.1 percent from 1.0 percent for 2011 and left unchanged at 1.3 percent for 2012.