India's central bank has cut its growth forecast for the country which is one of the world's fastest-growing.
Long term growth forecasts by Brazilian firm Consensus Forecast has the country averaging around 3.9 percent from 4.5 percent.
Separately, a study by the Reuters news agency shows that, if the current cold snap continues as forecast, the country could run out of stored gas supplies as soon as 8 April.
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Overall, Spain has pledged to cut its national deficit to 5.3% of GDP, but the European Commission forecast last week that the country would fail to meet that goal, instead hitting 6.4% of GDP.
It's the only country in the G20 to have the 2014 forecast revised down by more than 0.1%.
Further rain is forecast for the north of the country on Saturday morning.
But last month the central bank cut its growth forecast for 2013, saying the country's economy might be entering a recession.
Separately, the IMF warned on Thursday that India's budget deficit was too large and would hamper the country's economic growth, which it forecast to be around 6.5% in the year to March 2005.
On Friday the RBA also repeated its forecast for below trend growth for the country.
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In addition, political risks exist: if deteriorating economic conditions spark social unrest, investment growth could be even more sluggish than currently forecast as investors lose confidence in the country.
This means that, even if we accept the optimistic forecast provided by the Ukrainian government itself, the country would still be importing about 1, 850 billion cubic feet a year, more than the combined 2008 natural gas imports of Poland, the Czech Republic, the Slovak Republic, Romania, Bulgaria, and Hungary (which are cumulatively about 1, 600 billion cubic feet of natural gas for a population of about 93.5 million).
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Australia's central bank retreated from its original growth forecast for 2009, highlighting the greater likelihood that the country will sink into economic recession.
Despite the social and economic problems this change is forecast to create for example, for the country's pension system talk of mass immigration as a solution has so far been strictly taboo among Japanese at large.
Its debt burden is unlikely to reach the 150% of GDP forecast for Greece, but Ireland is also a small country in a big currency block: if investors want to buy euro-denominated bonds with a surer return, they have other places to go.
Indonesia air traffic is forecast to grow at 20% a year, and the country's economy is growing at about 6% a year.
Deutsche Bank, one of the early banks to reduce their forecast for Brazil GDP said about three weeks ago now that the country was an underweight for now and will likely disappoint with just 2.5 percent growth.
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The country trails the United States and Japan in total e-commerce spending but is forecast by the Boston Consulting Group to take the No. 1 position by 2015.
Many economists are predicting that the disaster could shave 1% or so off the country's GDP growth rate this year: UTCC, for example, is revising its forecast down from 4.4% to 3.6%.
Finally, the 2012 forecast showed each of the areas continuing the trend of improving home values, while leading the country in gains.
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Many investors and analysts believe that the move is just the first in a campaign of monetary easing to bolster the economy, which is forecast to expand 5.5% for the fiscal year that ends in March, the country's slowest growth in a decade.
Should the forecast for German growth of 2.4% be proved correct, then it would be the country's quickest rate since 2000.
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