OECD tips US growth slowdown in 2005
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US economic growth will slow to 3.3 per cent in 2005, more than a full percentage point below this year, with the effect of high energy prices dragging on the economy for the next few quarters, the OECD said on Tuesday.
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The U.S. economy will grow at a  moderate clip in 2007 as consumer spending growth slows and  business spending moderates during the second half, a key  economic forecast released on Tuesday showed.
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The economic outlook for the United States and Japan weakened slightly in October, but prospects for the Eurozone improved slightly, according to an early warning indicator issued by OECD on Friday.
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The US economy appears set for a soft landing, the OECD said Wednesday, but it warned that the troubled sub-prime mortgage sector still poses a major risk.
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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 German economy, which grew strongly earlier this year on the back of robust exports, will see a slowdown in growth in 2005 as a result of runaway oil prices and a tailing off of foreign demand for German-made goods, top research institutes warned.
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The slowdown may signal that the economy is shifting down a notch from its unexpectedly robust pace of growth at the end of last year.
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The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday.
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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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LONDON, November 30  - The Organization for Economic Co-operation and Development (OECD) has reduced its global economic growth forecast for 2005 to reflect the negative impact of the high oil prices on global trade and consumer
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The economy in many areas of the United States grew at a slower pace in late July and August as household spending softened, the Federal Reserve said in a report on Wednesday.
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The US economy slowed less than previously estimated in the second quarter as exports and inventories grew, revised numbers from the government show.
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The US economy appears to be emerging from a period of sluggish growth but is &quot;uncomfortably close&quot; to the &quot;stall speed&quot; associated with past recessions, the International Monetary Fund said Friday.
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US News, CHICAGO - US economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.
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US economic growth should slow over the coming year as consumers cut back on spending but improved business confidence should help beef up hiring, a wide-ranging survey of forecasters found.
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The UK economy is set to slow markedly in 2005, Deloitte warns, with growth of just 2%.
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The U.S. economy will grow at a moderate clip in 2007 as consumer spending growth slows and business spending moderates during the second half, a key economic forecast released on Tuesday showed.