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The International Monetary Fund (IMF) is forecasting global GDP growth of 4.2% for 2011 and an average of 4.6% for 2012-2015.
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David Jones, president of the DMJ Advisors LLC, and a former Wall Street Fed watcher for 35 years, is forecasting 2012 GDP growth at a 2.75% rate.
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Economists have gone from forecasting 8 percent GDP growth to now under 8 percent and inching closer to around 7.5 percent, not far from the 7 percent that economists say would constitute a hard landing.
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The U.S. economy remains on a sluggish growth path, with Briefing.com forecasting for a 2013 GDP between one and two percent.
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Portugal's central bank is forecasting a return to recession, with GDP falling by 1.3% in 2011.
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Number two, real GDP growth on a year-over-year basis, the administration is forecasting 2.7 percent in 2011, 3.6 percent in 2012, 4.4 percent in 2013.
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