Posts Tagged ‘downwards’
France revises 2012 growth forecast
France’s Economy Minister Christine Lagarde has said the economy will expand 2.25% in 2012, revised down from a previous estimate of 2.5%. The revision was based on the fact that global demand for French goods is likely to weaken. In an interview with Les Echos reported, the minister said: “Our forecast for two percent growth [...]
Japan Q4 economic growth revised downwards
The Cabinet Office has today revealed the Japanese economy contracted by 1.3% in the October to December period – slightly worse than the first estimate of 1.1%. Today’s estimate is the second reading, a third and final estimate will be available next month. The downward revision was attributed to an expired Government incentive for low-emission [...]