Global Economic Forecasts from Wachovia

The latest economics forecast from Wachovia Economics Group has been released and includes predictions for negative economic growth in the United States and Europe for 2009 with a return to positive growth in 2010. The forecasts calls for continued growth in some Pacific Rim countries and South American countries contributing to a global growth rate of 1.9%, the lowest global growth rate since 1991. The 1.9% forecast is well-below the mark of some other major economists who have pegged global growth as low as -3%, but without the detailed breakdown and analysis of the report from Wachovia.

United States GDP Forecast

2009 -1.0%
2010 1.4%

Germany GDP Forecast

2009 -0.2%
2010 2.0%

France GDP Forecast

2009 -0.3%
2010 1.8%

Italy GDP Forecast

2009 -0.4%
2010 1.4%

United Kingdom GDP Forecast

2009 -1.0%
2010 1.5%

Japan GDP Forecast

2009 -0.5%
2010 1.6%

Canada GDP Forecast

2009 0.0%
2010 2.4%

China GDP Forecast

2009 8.0%
2010 8.8%

India GDP Forecast

2009 6.1%
2010 7.5%

Mexico GDP Forecast

2009 0.4%
2010 2.4%

Brazil GDP Forecast

2009 2.0%
2010 3.0%

The United States is still seeing net inflows into dollars, but many Americans have been diversifying after seeing the frightening economic forecasts for the US economy. Everbank, a bank in the United States, has been offering a variety of foreign-denominated currency products for anyone interested in speculating on the strength of a foreign currency versus the US dollar. More information about the EverBank products can be found on the Money-Rates.com EverBank Product Page.