Germany has announced a predicted 6% contraction for 2009. Unemployment is over 8%.
Japan has announced a predicted 3.3% contraction for April 2009 to April 2010.
The UK is sticking to its 3.5% contraction call for 2009. Unemployment is currently 6.7%
The US just came out with dismal numbers (-6.1% for the first quarter) and the projected contraction for 2009 is officially still 1.2%. Unemployment is 8.5%.
Ireland has projected a 8.3% contraction and unemployment is now over 11%.
Sweden is projecting a 4.5% contraction for 2009 and unemployment currently is over 8%.
China where good data is is hard to come by is looking at projected growth of 5-7%. But to put that into perspective it translates into a roughly estimated 40-50 million unemployed workers!
Canada has projected a 3% contraction for 2009 and currently has unemployment rate of 8%.