Thailand Cuts 2004 Growth Estimate on Oil Prices, Flu
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Thailand&#39;s government 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 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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Thai shares bounced back from their biggest sell-off in 16 years on Wednesday after the government scrapped controls on foreign stock buying, but the abrupt policy U-turn shattered confidence in its economic chiefs.
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Oil prices eased on Monday as top world exporter Saudi Arabia slashed prices for its crude sales to the United States and Europe in an effort to shift the large volumes it is offering to cool world markets.
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A leading business group cut its 2005 forecast for British economic growth Thursday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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LONDON, November 30  - The Organization for Economic Co-operation and Development (OECD) has reduced its global economic growth forecast for 2005 to reflect the negative impact of the high oil prices on global trade and consumer
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The International Monetary Fund (IMF) yesterday cut its 2005 outlook and warned that the high price of oil threatened to curb global economic growth, which it said would be the strongest this year for almost 30 years.
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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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Thailand&#39;s anti-graft panel said Monday it would freeze assets held by ousted premier Thaksin Shinawatra and his family, totalling at least 52.9 billion baht (1.52 billion dollars).
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Thais are to suffer another economic blow as global oil prices rose to a record above $80 a barrel and the post-coup government ruled out resurrecting fuel subsidies that were dumped as too expensive.
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The International Monetary Fund expects to lower its projection for global economic growth in 2005 to about 4 percent, due in part to rising oil prices, the agency's managing director said Monday.
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Oil prices eased on Monday as top world  exporter Saudi Arabia slashed prices for its westbound crude  sales in an effort to shift the large volumes it is offering to  cool world markets.
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Oil prices eased from near-record highs in Asian trade today after the US government said it may draw from its strategic reserves to make up for supply shortages, dealers said.
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Oil prices eased yesterday as top world exporter Saudi Arabia slashed prices for its westbound crude sales in an effort to shift the large volumes it is offering to cool world markets.
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Thai frozen food exporters are calling for the government to stop the baht's surge and South Korean automakers are seeing their earnings shrink.
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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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MUMBAI: With international commodity prices remaining high and a deficient monsoon, the Reserve Bank of India on Tuesday scaled down its economic growth forecast for 2004-05 to 6-6.