Australian economy to grow by some 3.75 percent in 2004: IMF
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Australia&#39;s real gross domestic product (GDP) is projected to grow by about 3.75 percent in 2004 and medium-term prospects remain favorable, the International Monetary Fund (IMF) said Monday.
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Growing world markets for minerals and energy will help push Australia&#39;s commodity exports up 15 percent to a record 95 billion Australian dollars (US$71 billion; euro54 billion) this fiscal year, the government&#39;s chief commodities forecaster said Monday.
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SYDNEY : Treasurer Peter Costello said the slowing of the Australian economy apparent in the latest growth figures is &quot;not unwelcome&quot; as he maintained a forecast of annual growth of around 3.5 percent.
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In its latest Asian Development Outlook released today, the ADB said GDP growth projections for 2004 have been raised by about half a percentage point in both East Asia and Southeast Asia.
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China&#39;s real gross domestic product (GDP) is projected to average around 9 percent in 2004 andto slow to about 7.5 percent in 2005, the International Monetary Fund (IMF) said Wednesday.
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The global economy is set for another  year of strong growth, the International Monetary Fund said on  Thursday, but it warned that rising inflationary pressures and  a slowing U.S. economy were growing dangers.
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Indian economy is poised to grow by 6.4 per cent during the current year and 6.7 per cent in 2005 but deficient rains are raising concerns about agricultural growth, the International Monetary Fund said in Washington on Wednesday.
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Australia's economy grew by 2.8% in the final three months of 2006, despite a severe drought.
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SYDNEY (Dow Jones)--Australian economic growth slowed sharply in the third quarter, hurt by a sluggish export sector with some offset coming from still buoyant domestic demand.
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Developing Asia and the Pacific will grow at 7.0 percent in 2004 on strong exports and buoyant intraregional trade, the Asian Development Bank says.
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The Organization for Economic Co-operation and Development (OECD) predicts global economic growth to be at 3.6% in 2004. The OECD lowered its forecast in the wake of a rise in oil prices and drop in consumer confidence.
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The latest snapshot shows an economy that has returned to a moderate economic expansion of about 3 percent. At this pace, the economy is not growing fast enough to create large numbers of jobs
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IMF Managing Director Rodrigo Rato sees  world economic growth of "around 4.6 percent" in 2004 and 2005,  according to an interview published in a Spanish newspaper  interview on Friday.
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The US economy grew at a faster-than-expected 3.9 percent annual pace in the third quarter of 2004, powered by robust consumer and business spending, the government revealed.
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The US economy will expand by 4 percent this year, sustaining the recovery begun in 2002, a senior US Treasury official said Sunday.
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IMF Managing Director Rodrigo Rato sees world economic growth of around 4.6 percent in 2004 and 2005, according to an interview published in a Spanish newspaper on Friday.
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The US economy grew at a 4% annual pace in the third quarter of 2004, a little faster than earlier estimated, the latest government figures show today.