The fund knocked a full percentage point off its 2012 growth estimate for Brazil, and 1.3 percentage points off its growth estimate for India.
Some skeptical money managers, though, said General Electric had used misleading math to arrive at its profit growth estimate.
For European ad spending, the agency increased its 2004 growth estimate to 4.2percentt from 3.7percentt.
The national statistics agency, ELSTAT, also revised upwards its first-quarter growth estimate, from a 0.2% contraction to zero growth.
And David Doft, an analyst at CIBC World Markets, increased his growth estimate to 3.3percentt from 3.1percentt.
China revised its 2008 growth estimate to 9.6percentt, from 9percentt, and said this year's quarterly figures would increase.
The government said it cut its fourth-quarter growth estimate to reflect the latest data for inventories, exports and imports.
Central bank recently raised its 2012 growth estimate to 2.4 per cent.
In one rare note of optimism, he revised upward the Fed's growth estimate for the year and added that consumer spending had somewhat exceeded expectations.
The chief executive of Home Depot, Robert L. Nardelli, said the company failed to achieve its initial sales growth estimate of 15percentto18percentcent for 2002.
Gartner's 2004 forecast, up from an earlier 37percentt growth estimate, compares with a prediction by Semiconductor Equipment and Materials International of a 38percentt sales gain.
