Even without default, the economy is forecast to shrink 2.2% this year and 4% next.
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The IMF has praised Monti's efforts to sort out Italy's public finances but says deregulation and labor reform require further effort, just as the Italian economy is forecast to shrink 2% this year.
The report reckons that the number of underweight children will rise from 121m to 125m by 2010, assuming no change in the size of the world economy (in fact, it is expected to shrink 2% this year).
As for the developed world, spending is expected to shrink another 2.9% overall in 2010 before growing 1.5% in 2011.
Last year GDP contracted by almost 6% and this year it may shrink by 2% (though next year's budget cheerily assumes growth of 1.5%).
And the average private forecast for Portugal is that its economy will shrink by 2.3% next year - not 1%, as the commission now expects.
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The total size of the armed forces would shrink from 2.1 million to 1.6 million active-duty end strength and from 1.6 million to around 900, 000 reserves.
Britain is set to suffer the worst recession of any advanced nation, the International Monetary Fund said last week, adding that the U.K. economy would shrink by 2.8% in 2009.
New engineering will shrink the CORE 2 hardware to the size of a quarter for inconspicuous wear.
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Paraguay will be the only country to shrink, by 2%, it predicted.
The irony is that the Spanish success on the soccer field has played out against the miseries of the country's economy, which is expected to shrink by nearly 2% this year.
It is currently in a deep recession, with unemployment at more than 12% and GDP expected to shrink by a further 2% this year.
For the likes of Italy and Spain, the fourth-quarter figures are the culmination of a dismal year, which has seen their economies shrink by upwards of 2%.
Carlos Gomes, an economist at the Bank of Nova Scotia, another Toronto bank, expects that the car industry's output will shrink by 1-2% this year, after surging by 6% in 2002.
The wonks who understand such things have pointed out that it will shrink the economy by 2% or so, thus meaning that there will be less tax revenue, not more, as a result of the new tax.
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This amounts to 0.35% sliced from GDP just when the economy is forecast to shrink by 1% to 2% this year.
But other forecasts suggest that the economic recovery will not begin until well into 2010, and that the economy could shrink by as much as 2% next year.
Conclusion: Real corporate earnings will probably shrink to a fraction closer to 2% to 3% of GDP.
The economy is likely to shrink this year by at least 2%, after a 2% contraction in 2009.
Motorola's second new tablet today has decided it shrink itself down to more manageable 8.2-inch capacitive screen.
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Onyx has data showing that Sorafenib slows tumor growth, compared with a placebo, but in late-stage trials only 2% of patients had their tumors shrink enough to be counted in the response rate.
After-tax incomes of the top 1 percent would shrink by 9.6 percent compared to 17.2 percent with a rate hike.
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Zimbabwe's economic growth, initially expected to decline by 2.8 percent, is now expected to shrink by around 10 percent by year's end.
MacRumors popped open the latest version, known as " AppleTV3, 2", and found good evidence of a further die shrink: the central block of silicon is just 6 mm x 6 mm, which is even smaller than the 8 mm x 8 mm chip in the newest iPad 2.
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The IMF now expects the British economy to shrink by 0.4% this year, compared with its forecast of 0.2% growth in July.
The consensus among independent forecasters is now that the economy will shrink slightly, by 0.1%, in 2012 and rise by just 1.2% in 2013.
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