The site is expected to produce 183, 000 cars this year, with output forecast to rise to 250, 000 within three years.
At the very least, the falls mean that the wave of new output forecast over the next few years is unlikely to materialise.
ECONOMIST: Fortunes in the mining business come and go faster than ever
The global economy will continue to muddle through this year and next, as the IMF lowered its world output forecast for 2013 to 3.3%.
FORBES: IMF Warns Of 'Dangerous' Recovery As It Cuts U.S. And Global Growth Estimates
Also, it lowered its annual copper output forecast from the Batu Hijau mine in Sumbawa island to 170.6 million pounds from 192 million pounds earlier.
Also, it has lowered its annual copper output forecast from the Batu Hijau mine in Sumbawa island to 170.6 million pounds from 192 million pounds earlier.
FORBES: Newmont's Revised Production Forecast In Indonesia May Cause Labor Troubles
Services-sector output is forecast to grow 6.6% this fiscal year compared with an 8.2% expansion last year.
In October, the German government slashed its forecast for economic output in 2013 to 1.0%, compared to 1.6% previously anticipated.
As has been the case for years, growth will come from the so-called emerging economies, which are forecast to expand output 5.3% this year and 5.7% next year.
FORBES: IMF Warns Of 'Dangerous' Recovery As It Cuts U.S. And Global Growth Estimates
China, which accounts for half of the output of developing Asia, is still forecast to grow by 9% next year.
The February output reading is better than the median forecast of a 1.0% decline in a Dow Jones Newswires poll of 16 economists.
The Forecast Model builds upon the output of the Stock Valuation Model and combines this data with econometric and simulation techniques to output target prices for one, three, and six-month and one, two, and three-year time horizons.
Second, the input-output model assumes fixed relationships over the time of the forecast horizon.
FORBES: Good News from Sequester: End to (Some) Bad Economic Analysis
The company announced last month that full-year 2012 output was 105, 050 gold-equivalent ounces, with production in 2013 forecast to grow by 24% to 130, 000 gold-equivalent ounces.
FORBES: Rob McEwen Looks For Gold To Keep Rising As Nations Run Up Debt Levels
Output climbed a seasonally adjusted 2.5 percent from November but most analysts had forecast an improvement of more than 4 percent.
Data on Wednesday showed a fifth-straight monthly increase in Eurozone industrial output, which expanded by 0.4%, albeit at a slower than forecast pace.
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