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 growth expectations of German finance professionals have dropped to their lowest level in 15 months amid fears that slowing global economic growth could hurt the nation's export-driven recovery, according ...
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LONDON: A leading business group cut its 2005 forecast for British economic growth yesterday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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Ireland's leading economic think tank on Thursday downgraded its forecast for the country's gross domestic product (GDP) growth next year to 2.3 percent.
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MUMBAI: With international commodity prices remaining high and a deficient monsoon, the Reserve Bank of India on Tuesday scaled down its economic growth forecast for 2004-05 to 6-6.
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The Asian Development Bank downgrades 2008 growth forecast for East and Southeast Asian economies.
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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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Germany, the largest eurozone economy, lowered its 2008 growth forecast Thursday to 2.0 percent from 2.4 percent and its economy minister warned that fallout from a banking crisis could do more damage still.
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The OECD on Wednesday reduced its forecast for U.S. economic growth and recommended a rapid cut in interest rates to limit the fallout from a housing and mortgage market slump that has sparked global financial market turmoil.
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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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The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.
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A global economic slow-down is looking more likely because of higher oil prices and a US housing dip, the IMF warns.
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The Organization for Economic Cooperation and Development cut its forecast for US economic growth and expects the Federal Reserve to lower interest rates next year, according to a draft of its latest estimates.
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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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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 IMF&#39;s World Economic Outlook has warned of a possible sharp fall in UK house prices, based on interest rate rises priced into future markets, the market would probably slow down significantly in the next 18 months.
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A German research institute lowered its economic growth outlook for Germany for 2005 on Tuesday, saying exports are expected to slow and domestic demand will not rise enough to make up the difference.