World trade &#39;set to grow by 8.5%&#39;
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Global trade is set to grow by 8.5% in real terms in 2004 despite soaring oil prices, the World Trade Organisation (WTO) has said.
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Singapore's economy should grow as much as 5 percent next year after expanding by 8.1 percent in 2004, Prime Minister Lee Hsien Loong said Friday in a New Year message.
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The US trade deficit widened to a new high of $55.5 billion in October, boosted by high oil prices and record imports from China as retailers geared up for Christmas.
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The 18th Annual World Trade Forum and Governor's Conference on Trade - Growing Globally - is planned for Wednesday, Oct.
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Economic growth is expected to top 7 percent for East Asia and Pacific (excluding Japan) in 2004, while developing economies in the region are expected to expand by more than 8 percent, the World bank said here on Tuesday.
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BEIJING, Dec. 25 -- Minister of Commerce Bo Xilai says China will take measures to expand foreign trade. He says the volume of China&#39;s foreign trade has grown rapidly in the past few years and made a great contribution to the world economy.
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Turkey's economy is expected to grow at least some eight percent in 2004, beating the year-end target of five-percent, the country's deputy prime minister said.
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Exports in January rose 26.7 percent, to $109.7 billion, while imports grew by 27.6 percent, to $90.2 billion, according to the official Xinhua news agency.
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IT job exports are forecast to increase by a compound annual growth rate of 5.9% between 2002 and the end of 2004, said Frost &amp; Sullivan.
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World economic growth will be higher than predicted, the IMF says at the start of Singapore meetings.
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China had a trade surplus of $85.72 billion in the first five months of 2007, up more than 80 percent from the same period a year before, a commerce ministry official said on Saturday.
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The head of the International Monetary Fund says the world economy is at its strongest point for five years.
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East Asian economic growth is expected to reach more than 7 per cent in 2004 but has probably already peaked in the first half of the year, according to the World Bankâs latest twice-yearly update on the region.
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WASHINGTON: The US trade gap widened nearly 9 per cent in October to a record $US55.5 billion ($NZ79.13b) as sky-high oil prices helped propel imports into new territory, while industrial output rose as expected in November.
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The Polish government expects gross domestic product to grow by 5.4 or 5.5 percent year-on-year in 2004, the statistical office said Thursday.
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The developing countries will enjoy the strongest economic growth in three decades this year and should continue to enjoy solid expansion in 2005 and 2006, the World Bank predicted on Tuesday.
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The gross domestic product (GDP) of Bangladesh is expected to rise by 4.8 percent in fiscal 2004-2005 against the Asian Development Bank&#39;s (ADB) earlier projection of six percent, said an ADB press release here on Wednesday.