UK growth forecast cut
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LONDON: A leading business group cut its 2005 forecast for British economic growth yesterday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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In its fall outlook, the global lender cuts estimates for US GDP growth for both 2004 and 2005. WASHINGTON  - US economic growth should pick up in the second half of 2004 but costlier oil and weak
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The European Central Bank will cut  its euro zone economic growth forecasts for the next two years  when official projections are released on Thursday, a monetary  source told Reuters.
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The Bank of England's Monetary Policy Committee looks set to cut interest rates, analysts say.
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The Japanese economy is close to stagnation, according to revisions to official figures yesterday that cut the estimate of GDP growth to just 0.1 per cent.
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US economists have trimmed their forecasts for hiring and economic growth in view of steep energy prices and other factors, a Wall Street Journal survey showed.
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Singapore cut its growth forecast for this year to 8.0-8.5 percent from 8.0-9.0 percent following a sharp slowdown in the third quarter and warned of uncertainties ahead for 2005.
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BANGKOK Thailand&#39;s government on Monday cut its economic growth forecast to 6.5 percent this year after second-quarter expansion was less than expected because of record oil prices and an outbreak of bird flu.
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The South Korean government cut its forecast for 2004 economic growth to below 5 percent on Friday after the release of data showing gross domestic product grew just 0.6 percent in the third quarter from the second quarter.
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The European Commission on Tuesday revised upwards its growth forecast for this year, but cut its prediction for 2005 GDP growth to 2.0 percent, in its regular autumn economic outlook report.
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House prices will suffer a &quot;modest&quot; fall over the next couple of years, the Bank of England warned yesterday as it cut its forecast for economic growth.
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The White House cuts its forecasts for US growth over the coming year as a result of a housing market slump.
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Morgan Stanley on Friday cut its forecast for retail sales growth in 2008, saying that the current "turmoil" in the credit markets will lead to declines in consumer wealth and available credit as well as more modest job growth in the U.S.
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The divide between the UK's richest and poorest regions is set to shrink significantly by 2015, a study says.
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A leading forecaster of advertising spending has again reduced his estimate for growth in the United States this year, joining other experts who have also trimmed their predictions.
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Sterling was weak ahead of Wednesday's publication of both economic growth data and the minutes to last month's rate-setting meeting at the Bank of England (BoE).
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LONDON (CBS.MW) -- The Organization for Economic Co-operation and Development cut its 2005 economic growth forecasts for the US, Japan and the eurozone, citing a period of sustained high oil prices.