UK and US economies &#39;to expand this year&#39;
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The International Monetary Fund has trimmed its forecasts for world economic growth but expects the UK and the US will expand strongly this year, leaked
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US economic growth is set to quicken as a healthy jobs market offsets weakness in the housing sector, a survey predicts.
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Africa's economy will grow faster this year, but changes are still needed if it is to catch up with the rest of the world.
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&quot;The US expansion increasingly hinges on employment creation and business investment,&quot; OECD chief economist Jean-Philippe Cotis told a news briefing.
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The US economy will grow solidly in 2005 and the outlook is similar under President George W. Bush or John Kerry, top business economists said in a survey.
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Most US areas saw their economy continue to expand in December and early January, the Federal Reserve says.
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The UK economy grew by 3.1% in 2004  after accelerating in the final three months of last year, according to official figures.
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The OECD revised the growth projections for its major members. The growth of the US economy this year is likely to be 4.3 percent, instead of an earlier forecast of 4.7 percent, it said.
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WASHINGTON - The global economy should register its strongest growth in three decades in 2004 despite soaring oil prices, which are expected to restrain the US expansion a bit, the International Monetary Fund said yesterday.
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Treasury chief Gordon Brown said Britain's economy is growing faster than anticipated, raising his forecast for this year by a half percentage point to 2.75 percent.
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Africa's economy will grow faster this year, but changes are still needed for it to catch up with the rest of the world.
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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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Hong Kong&#39;s economy grew by 7.2 percent in the third quarter from the same period a year earlier, boosted by strong global demand and consumer spending, the government said Friday.
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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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Britain's economy is growing faster than earlier forecasts, Treasury chief Gordon Brown said Wednesday in advance of an annual address to Parliament.
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This year should mark another year of growth in the United States. That is hardly remarkable. What is remarkable, and perhaps unappreciated, is that growth has become the norm for the American economy.
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The US economy will expand by 4 percent this year, sustaining the recovery begun in 2002, a senior US Treasury official said Sunday.