IMF Predicts Faster Growth In Global Economy This Year
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Oil prices may have just hit record levels, but the International Monetary Fund is even more bullish about global economic growth in 2004 than it was six months ago.
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Global commerce is expected to grow 8.5 percent by the end of this year, helped by economic expansion that could overcome record oil prices, the World Trade Organization said Monday.
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Washington, Sept. 30.(UNI): The expansion of the global economy could hit a 30-year record in 2004 but will likely slide in 2005 as a result of higher oil prices and other factors, the International Monetary Fund (IMF) sources said.
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THE International Monetary Fund forecast yesterday a substantial jump in economic growth in sub-Saharan Africa this year and next, saying the outlook for the region was better than in years.
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The International Monetary Fund has cut  its forecast for global growth next year slightly amid  expectations that the U.S. and Chinese economies will not  expand as strongly as previously thought.
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CALGARY, Alberta  - The global economy continues   to grow briskly but the risks of an economic downturn have   increased since April, the head of the International Monetary   Fund Rodrigo Rato said on Friday.
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The International Monetary Fund has cut its forecast for global growth next year slightly amid expectations that the U.S. and Chinese economies will not expand as strongly as previously thought.
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The head of the I.M.F. predicted continued brisk growth for the global economy, but said that higher interest rates and surging oil prices could lead to trouble.
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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 International Monetary Fund on Wednesday raised its 2004 world growth forecast to 5 percent, the highest level in three decades, but said sharply higher oil prices had sapped the recovery.
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Africa's economy will grow faster this year, but changes are still needed if it is to catch up with the rest of the world.
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International Monetary Fund head Rodrigo Rato has said the world economy is in its best shape in five years, the BBC reported 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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WASHINGTON : The world economy, powered in part by China, will grow this year at its briskest pace in almost three decades - five percent - before losing steam in 2005 in the face of higher oil prices, the IMF said on Wednesday.
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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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The International Monetary Fund took a first step yesterday toward retooling itself to reflect major changes in the global economy, agreeing to increase the power that several fast-growing countries have over its policies and promising to boost their clout more in the next two years.
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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.