(ANSA-AFP) - WASHINGTON, JAN 26 - The new wave of coronavirus
infections on the continent stalled the recovery in the euro
area, and the IMF on Tuesday downgraded growth forecasts for
Europe. The euro area is now expected to see GDP expand by 4.2
percent this year, a full point lower than projected in October,
the IMF said in its latest World Economic Outlook. The economies
of Germany, France, Italy and Spain all suffered, which the IMF
said reflects "an observed softening of activity toward the end
of 2020, which is anticipated to continue into early 2021 amid
rising infections and renewed lockdowns."
The table shows GDP growth forecasts in percentages, with the
change from the October WEO in parentheses.
2021 2022
World 5.5 (+0.3) 4.2 (0.0)
Advanced economies 4.3 (+0.4) 3.1 (+0.2)
United States 5.1 (+2.0) 2.5 (-0.4)
Euro area 4.2 (-1.0) 3.6 (+0.5)
Germany 3.5 (-0.7) 3.1 (0.0)
France 5.5 (-0.5) 4.1 (+1.2)
Italy 3.0 (-2.2) 3.6 (+1.0). (ANSA-AFP).
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