World economy &#39;is at its best for five years&#39;
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MADRID: The world economy is at its best point for five years, although the US budget deficit and sluggish European growth pose problems, International Monetary Fund (IMF) head Rodrigo Rato was quoted yesterday as saying.
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The Eurozone will be able to withstand world economic problems in 2007, the European Commission says.
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China's economic growth reaches its highest level in 13 years, with growth of 11.4% in 2007.
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World finance chiefs gathering for a G7 summit were upbeat on the outlook for the global economy, but warned that high oil prices could put an end to a five-year run of growth.
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Taiwan&#39;s leader said Saturday that the island has bounced back from a global slowdown and should post economic growth of 5.87 percent this year - the best rate in four years.
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Most forecasts run 5 to 6 percent above 2005, promising a lift for the US economy.
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The best of times, or the worst of times. The US economy is the strongest in years, or is mired in the deepest employment crisis in decades.
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Although the economy as a whole is in its best shape in three decades, improved growth is threatened by disparities between wealthy nations and the developing world as well as rising oil prices.
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The country&#39;s economy has accelerated, carried by strong household and government spending, to reach its fastest annual pace in nearly four years, official figures show.
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The IMF, World Bank and G7 finance ministers will say that the world economy has a vibrant heartbeat when they meet next week in Singapore, but tremors are present in the form of slowing US growth and high oil prices.
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TONY EASTLEY: For years Australia&#39;s economy has been going at a cracking pace. Boom and surge were the words that accompanied the Treasurer&#39;s descriptions of the economy as Australia enjoyed growth not seen since the 1960s.
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The World Bank said that developing countries are seeing their strongest economic growth in three decades -- and strong growth is likely to continue for the next two years.
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India could overtake Britain and have the world's fifth largest economy within a decade, a report says.
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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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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.
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The Indian economy is poised for sustained economic growth of 7-8 per cent for the next ten years, Finance Minister Palaniappan Chidambaram told participants in a keynote address at the opening session of the World Economic Forum&#39;s 20th India Economic
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It&#39;s the fastest-growing economy in Europe, in the fifth year of a boom that has seen gross domestic product climb by over a third since 1999.