The gloomy IMF Published: April 22 2009 US output to contract by 2.8 per cent this year 1.3% drop in global output Eurozone output will plunge 4.2 per cent, with Germany down 5.6 per cent Long-suffering Japan is forecast to slow even more. The gross domestic product across the advanced world will fall 3.8 per cent in 2009, with no growth next year. Growth in emerging Asia will halve to just over 3 per cent and forecasts for parts of eastern Europe are better left unwritten. The developing world actually looks to be the sole source of dynamism for the next couple of years, led by Latin America, the Middle East and parts of Asia and central Europe.
Large and well-developed Agricultural Mining Manufacturing Service sectors Brazil's economy outweighs that of all other South American countries