The latest economic growth projections by the International Monetary Fund is sounding more pessimistic.

It has revised the global GDP growth for 2009 from 0.5% positive, to 1.3% negative. It has also revised downwards the growth of all the major countries. While it expects UK to degrow by 4.1% in 2009, it is expecting US to degrow by 2.8%.

It has also revised the GDP for Japan to -6.2% and for Germany to 5.6%.

IMF is also expecting UK , Germany and Italy to post negative GDP growth in the coming year 2010.

These projections were given by IMF last week before the outbreak of Swine Flu.  If the Swine Flu becomes a Pandemic, then the GDP growth for 2009 might have to be revised downwards for all the affected countries like Mexico, US and Europe.