IMF sees rising oil prices having little impact on global growth
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TOKYO: Rising oil prices are unlikely to deal a major blow to global economic growth although the trend may seem &quot;uncomfortable,&quot; a researcher with the International Monetary Fund says.
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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 U.S. economic slowdown posed growing dangers.
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Investor's Business Daily - There seems to be a significant slowing in the pace of global economic growth this year, the International Monetary Fund said. The IMF cautioned that restoring world financial markets will be a complex, drawn-out process. The Fed's 75- basis-point 18ate cut on Tue. was "appropriate and helpful," said IMF spokesman Masood Ahmed, who also said the U.S. should apply "targeted and timely" fiscal stimulus.
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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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The soaring price of crude oil has become a risk for the world economy and will have a visible impact over growth next year, said International Monetary Fund Managing Director Rodrigo de Rato.
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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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OPEC producers have said they see little impact on economic growth so far from oil&#39;s relentless price surge, which Wednesday racked up yet another record high.
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High global oil prices are likely to  ease to $56 a barrel in 2007 and fall further to just below $53  in 2008 as supplies increase and demand growth eases, the World  Bank 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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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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ALBUQUERQUE, N.M.  - 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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WASHINGTON: Global finance chiefs may admit this week that soaring oil prices are a cloud on a generally sunny world economic horizon but they will likely dismiss any chance they could drown growth.
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OPEC oil producers and Chancellor Schroeder of Germany, which is a prominent consumer, agree that the remorseless rise in the price of crude has so far had little impact on global economic growth.
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WASHINGTON, Oct 2  - IMF policymakers, gathering under heavy police guard, went behind closed doors here Saturday to assess near-term global economic prospects threatened by rising oil prices.
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Group of Seven leaders are worried about high oil prices derailing the global economy, but have little means to influence the marketplace, analysts say.
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&quot;The sharp rise in oil prices has contributed to the weakening of the expansion in recent months, and will likely continue to do so for several quarters,&quot; the IMF report said.
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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.