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Germany lowers its growth estimates to 1 percent.
Previous growth estimates were 6percentto9percentcent.
Merrill Lynch and several other firms also cut growth estimates.
Global growth estimates for the mobile Internet can be heady.
Some economists bumped up their first-quarter economic growth estimates.
The commission had cut earlier growth estimates even before the latest financial collapses.
Today the economy is racing ahead so rapidly that officials are continually revising growth estimates upward.
The government also reduced its growth estimates for three of the last four quarters.
A number of other Wall Street firms and banks sharply cut their growth estimates.
The report also included revised growth estimates for the past three years.
It has forecasted that growth estimates for the three countries is likely to be downgraded.
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