The Economist has published another nice looking graph of GDP growth forecasts from the International Monetary Fund (IMF). Unsurprisingly, China continues to lead the major economies, and for those of us in the United States and much of the developed world, below average growth rates are expected for 2010 and 2011. The Eurozone continues to struggle with paltry growth rates, and with the ongoing issues in Greece, Portugal, and Spain, it would appear this will be the status quo for some time.
One of the positives from this graph is that most of the revisions (on the far left of the graphic) are upward revisions with the IMF noting that the recovery is a bit more robust than previously thought. Also on the bright side, the United States, even after a nightmarish financial meltdown, is only slightly behind the global GDP growth rate.