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The economy is forecast to contract by 3.1% this year.
The economy is forecast to contract by more this year than the latest budget allows for.
Italy is forecast to contract by 1.3% in 2012 while Spain suffers a 1% cut in national output.
The downturn is expected to be most severe in Southern Europe, where Italy's economy is forecast to contract by 2.2 percent and Spain's by 1.7 percent.
That would remove one of the biggest obstacles to change.This year the Japanese economy is forecast to contract by 3-6%.
The euro zone economy is forecast to contract by 4percentthis yearand and unemployment is projected to reach 11.5percentt of the work force in 2010.
Similar(38)
His biggest problem is the economy, which contracted last year and is forecast to shrink by a further 8% this year.
The new model may oblige distributors, with government help, to forecast demand, and to contract adequate new generating capacity.
Most Wall Street analysts had forecast the economy to contract by around 0.5%.
Japan's economy is forecast to shrink by 5.8percentt, according to the fund, while the United States is seen contracting 2.6percentt.
Our latest forecast is for GDP to contract by a stunning 6.4% in real terms in 2009.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com