World growth in 2005 could be below 4.3%: IMF
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World growth in 2005 could be lower than the 4.3 per cent forecast by the International Monetary Fund (IMF) a month ago because of high oil prices, its deputy managing director Agustin Carstens said on Monday.
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International Monetary Fund Managing Director Dominique Strauss-Kahn said on Friday global financial stability had taken a blow from the subprime crisis and European and U.S. growth will be weaker as a result.
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China&#39;s real gross domestic product (GDP) is projected to average around 9 percent in 2004 andto slow to about 7.5 percent in 2005, the International Monetary Fund (IMF) said Wednesday.
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China's sizzling economy is slowing but should still expand by 10.4 percent this year, the World Bank said Tuesday, as newly released statistics suggested measures to prevent runaway growth might be taking effect.
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World economic growth will slow significantly in 2008 but the U.S., whose housing downturn is rattling global financial markets, will avoid recession, the International Monetary Fund forecast Tuesday.
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The International Monetary Fund says emerging economies will not be immune from a slowdown among wealthier nations.
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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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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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IMF Managing Director Rodrigo Rato sees  world economic growth of "around 4.6 percent" in 2004 and 2005,  according to an interview published in a Spanish newspaper  interview on Friday.
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The International Monetary Fund has lowered its 2004 economic growth forecast for Korea to 4.6 percent, citing weak domestic consumer spending amid rising household and corporate debt.
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A fifth year of powerful economic growth in East Asia and the Pacific has driven the number of people living in poverty in the region to its lowest level ever, but the World Bank warned Tuesday that oil prices could dampen the boom next year.
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Indian Finance Minister Palaniappan Chidambaram said growth may slow to between 6.0 and 6.5 percent this fiscal year due to patchy monsoon rains and high global oil prices.
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The Organization for Economic Co-operation and Development (OECD) has predicted that the Chinese economy would grow by 8 percent in 2005, saying a restrictive economic policy would lead to a slowdown.
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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 Japanese economy is expected to grow just above 2.0 percent in 2005 and 2006, losing some steam on slower exports after an estimated robust 4.0-percent expansion this year, according to the OECD.
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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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India's economy, Asia's fourth largest, can grow at 10 percent a year for several years and make a dent in poverty on the back of sound economic policies, a top IMF official said on Wednesday.