Economies of Sub-Saharan Africa to Grow Steadily, IMF Says
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The economies of sub-Saharan Africa, home to some of the most extreme and pervasive poverty in the world, will grow at a healthy pace next year, International Monetary Fund economists said yesterday.
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Kenya has met all economic conditions set by the International Monetary Fund (IMF) which could result in the release of a delayed loan to the east African country, a visiting IMF mission announced here Friday.
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The world economy is sound, although financial markets may remain ragged for some time, and China must let its currency rise faster to rebalance global growth, finance officials from rich nations said on Friday.
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The global economy should register its strongest growth in three decades in 2004 despite soaring oil prices, which are expected to restrain the US expansion a bit, the International Monetary Fund said Wednesday.
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Africa's economy will grow faster this year, but changes are still needed for it to catch up with the rest of the world.
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The world economy is powering ahead at a faster pace than expected two months ago, building up global inflationary pressures, the chief economist for the International Monetary Fund said on Tuesday.
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The world's economy should grow at its fastest rate in 30 years in 2004, despite rising oil prices, the IMF says.
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The world economy is sound, although  financial markets may remain ragged for some time, and China  must let its currency rise faster to rebalance global growth,  finance officials from rich nations said on Friday.
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The IMF says China must not slacken efforts to ease too-rapid growth and urges it to reform exchange rates.
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The UK economy will grow by 2.9% this year, although interest may need to rise further, the IMF forecasts.
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Pakistan&#39;s economy is set to grow more than 6 percent this fiscal year, despite the threat of inflation, a weakening currency and pressure on its balance of payments, a World Bank official said Monday.
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The International Monetary Fund says the world economy is growing at the fastest past in three decades, but in its semi-annual report the international lender says growth is likely to slow in 2005.
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A recovery in the world economy is still on track, central bankers from the world's 10 most-industrialised nations said.
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Slower global economic growth has increased risks for developing countries, especially if the record levels of private capital that has flowed into these markets is reversed, the World Bank said on Tuesday.
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The International Monetary Fund expects Israel&#39;s economy to grow 3.6 percent by the end of this year, and 3.5% in 2005, according to the World Economic Outlook review released last week during Succoth.
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Australia's economy is well positioned to ride out the turbulence in world financial markets and will grow around 4.4 percent this fiscal year, the International Monetary Fund said Thursday.
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In its global economy outlook the International Monetary Fund predicted worldwide output to lift 5% despite of worries about high oil prices.