• Lowers US GDP forecast for 2012 to 2.% from 3.1%
  • Lowers OECD area forecast for 2012 to 1.6% from 2.8%
  • lowers EU area forecasts for 2012 0.2% from 2%, China down to 8.5% from 9.2%, and Japan to 2% from 2.2%