IMF lowers global growth forecast
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The International Monetary Fund lowers its forecasts for global economic growth but does not predict a recession.
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The International Monetary Fund warns that rising interest rates in some of the world's biggest economies may slow global house price growth.
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Housing prices in the UK, Australia and Spain may be poised to fall because of an expected increase in global interest rates, the International Monetary Fund said in its semi-annual World Economic Outlook.
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The IMF warns that the global credit crunch will lower economic growth next year, with the US hardest hit.
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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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The Organization for Economic Cooperation and Development revised down Tuesday its growth forecast for the United States this year.
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Germany, the world's third-biggest economy, can no longer rely on exports to fuel domestic spending, prompting economists to cut their growth forecasts for next year to as low as 1 per cent.
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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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A worsening outlook for the world economy drove global stock markets sharply lower on Tuesday and intensified speculation about an emergency US interest rate cut by the Federal Reserve.
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The White House on Tuesday lowered its forecast for economic growth this year and into 2008, reflecting the drag from the housing slump.
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Slower global economic growth has  increased risks for developing countries, especially if the  record levels of private capital that has flowed into these  markets is reversed, the World Bank said on Tuesday.
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The International Monetary Fund warned Tuesday that the risks of a global slowdown have increased due to higher interest rates, surging oil prices and an apparent cooling in the U.S. housing market that could slow the U.S. economy.
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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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Grand plans for the IMF to broker solutions to global economic imbalances have slowed to a crawl because the United States seems to have lost interest, European officials say.
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Prospects for the global economy next year are growing dimmer as high oil prices hurt consumption and the unchecked rise in the United States trade deficit depresses the dollar
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THE growth of the world economy is poised to slow sharply next year as oil pressures continue and China attempts a âsoft landingâ, the World Bank said yesterday.
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The IMF says that global economic growth is likely to be dampened by the turbulence which has swept world markets.