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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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 world economy is powering ahead at a faster pace than expected two months ago, building up global inflationary pressures, the chief economist for the International Monetary Fund said on Tuesday.
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The International Monetary Fund took a first step yesterday toward retooling itself to reflect major changes in the global economy, agreeing to increase the power that several fast-growing countries have over its policies and promising to boost their clout more in the next two years.
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THE International Monetary Fund forecast yesterday a substantial jump in economic growth in sub-Saharan Africa this year and next, saying the outlook for the region was better than in years.
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The global financial system is at its most resilient since the equity bubble burst in 2001, the International Monetary Fund said on Wednesday, despite rising
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The world economy is headed for its strongest expansion for three decades but simmering inflation, sky-high oil prices and rising interest rates pose growing dangers, the IMF said.
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The global financial system is at its most resilient since the equity bubble burst in 2001, the International Monetary Fund said on Wednesday, despite rising interest rates, heightened security and higher oil prices.
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Developing nations are on course to record their strongest economic growth since 1974, the World Bank says.
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The International Monetary Fund on Wednesday raised its 2004 world growth forecast to 5 percent, the highest level in three decades, but said sharply higher oil prices had sapped the recovery.
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The developing countries will enjoy the strongest economic growth in three decades this year and should continue to enjoy solid expansion in 2005 and 2006, the World Bank predicted on Tuesday.
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Global economic growth is likely to be dampened by the turbulence on world markets, the IMF 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 slowing U.S. economy were growing dangers.
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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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A World Bank expert said the year 2004 is going to be a good year for China as the country&#39;s economy will grow rapidly with higher-than
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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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The International Monetary Fund warned Wednesday that rising oil prices and interest rates were hampering global economic growth, but the US government said the American economy was stronger than it had estimated earlier.