IMF: Oil, job outlook cloud US growth
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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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US Treasury Secretary John W. Snow yesterday said record-high oil prices baffle the development of US economy. &quot;It&#39;s creating headwinds for the otherwise very strong economy,&quot; Snow told CNN&#39;s &quot;Late Edition
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The IMF predicts strong oil-fuelled growth for Angola, but remains concerned over financial transparency.
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WASHINGTON (CBS.MW) -- The global economic outlook that looked strong in April is starting to fray around the edges, according to an International Monetary Fund report released on 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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WASHINGTON -- The International Monetary Fund on Wednesday raised its outlook for Russia&#39;s economy but warned Moscow to resist spending the extra oil revenues it has received as a result of record energy prices.
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Global oil prices are likely to   continue volatile as supplies remain tight, the International   Monetary Fund's chief economist said on Thursday.
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The International Monetary Fund yesterday issued a warning that record oil prices will stunt the growth of the global economy next year and oil prices are likely to remain high for 10 years or more.
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The US economy is expanding but the performance is patchy as roaring energy prices begin to stifle spending, the Federal Reserve's Beige Book survey showed.
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High oil prices will probably brake U.S. growth but will not derail the economy provided they do not rise sharply from current levels, top Federal Reserve policymakers said on Tuesday.
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The world economy this year should post its best growth in three decades even though oil prices are up sharply and economic activity in the United States probably will be slower than previously thought.
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Rising oil prices are slowing growth across the world but key emerging economies such as China and India will continue to support the near-term outlook for commodities, the world's largest mining company said Friday.
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U.S. economic activity should pick up for the rest of this year and into 2008 as the drag from a decline in the housing market dissipates, the International Monetary Fund said Friday.
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WASHINGTON - Weighed down by high energy prices, the US economy grew slower than the government estimated in the April-June quarter, as higher oil prices limited consumer spending and contributed to a record trade deficit.
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Facing a global economy on the mend but threatened by surging oil prices and other factors, IMF and World Bank policymakers opened two days of meetings Saturday to discuss ways to keep the recovery on track.
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The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.
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US economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.