UPDATE 1-IMF cuts Japan, US 2011 GDP f’cast, ups eurozone-ANSA

(Adds forecasts for China, the world, India, Italy)

ROME, March 30 (Reuters) – The International Monetary Fund
has cut its forecast for Japan’s 2011 GDP growth after this
month’s devastating earthquake and has also lowered its near
term outlook for the United States, Italian news agency ANSA
reported on Wednesday.

The IMF cut Japan’s 2011 growth forecast to 1.4 percent from
a previous projection of 1.6 percent in January and cut its
forecast for the United States to 2.8 percent from 3.0 percent,
ANSA said, citing a draft of the IMF’s World Economic Outlook
report to be issued in April.

However, the Fund’s forecasts for 2012 have been increased
to 2.1 percent from 1.8 percent for Japan and to 3.0 percent
from 2.8 percent for the United States, ANSA reported.

The IMF slightly raised its forecast for euro zone growth
this year to 1.6 percent from 1.5 percent and increased the 2012
forecast to 1.8 percent from 1.7 percent, ANSA said.

The IMF made no change to its growth forecasts for China,
seen at 9.6 percent in 2011 and 9.5 percent in 2012, and also
left unchanged its global growth forecast for this year, seen at
4.4 percent, ANSA said.

Its report did not include the IMF’s forecast for 2012
global growth.

The IMF trimmed its projection for Indian growth to 8.2
percent from 8.4 percent, and lowered its 2012 outlook to 7.8
percent from 8.0 percent.

Italian growth has been raised marginally to 1.1 percent
from 1.0 percent for 2011 and left unchanged at 1.3 percent for
2012, significantly lagging the euro zone average in both years.

Italy has been one of the euro zone’s most sluggish
economies for over a decade.
(Writing by Gavin Jones; Editing by Toby Chopra)

UPDATE 1-IMF cuts Japan, US 2011 GDP f’cast, ups eurozone-ANSA