IMF: World economy set for strongest growth in 30 years
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The global economy should register its strongest growth in 30 years in 2004 despite soaring oil prices, which are expected to restrain the US expansion a bit, the International Monetary Fund said Wednesday.
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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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NEW YORK, September 29  - The global economy is expected to witness its highest growth rate in the past three decades this year, the International Monetary Fund (IMF) said in its World Economic Outlook announced today.
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The threats posed by inflation and   unbalanced trade and capital flows point to testing times ahead   for the global economy, IMF chief Rodrigo Rato said on Friday.
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The IMF says China must not slacken efforts to ease too-rapid growth and urges it to reform exchange rates.
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The world&#39;s developing countries this year will turn in the strongest economic growth in three decades and should continue to enjoy solid expansion in 2005 and 2006, the World Bank predicted Tuesday.
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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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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 International Monetary Fund revises up its global growth forecast because of growth in China, India and Russia.
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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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WASHINGTON -- By 2020 the world's economy will have grown by 80 percent and average incomes will have risen by half as India and China -- which together will account for more than a third of the planet's population -- surpass Europe and compete with the United States as the major global powers, top US intelligence analysts forecast yesterday.
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The Washington-based World Bank says 2004 has been a very good year for developing countries, with their economies growing at their fastest pace in 30 years.
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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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In its global economy outlook the International Monetary Fund predicted worldwide output to lift 5% despite of worries about high oil prices.
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Pakistan&#39;s economy is set to grow more than 6 percent this fiscal year, despite the threat of inflation, a weakening currency and pressure on its balance of payments, a World Bank official said Monday.
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The International Monetary Fund Monday raised its 2007 growth outlook for Britain's economy to 2.9 percent on Monday, while warning about risks including a frothy property market.
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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.