IMF Lowers Korea&#39;s 2004 Economic Growth Forecast
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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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Japan&#39;s economy grew 0.3 percent in April-June from the previous quarter, less than the 0.4 percent growth rate initially estimated, the government said Friday.
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IMF forecasts U.S. growth will slow, but experts note world economy increasingly resists spillover.
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South Korea's integration into the global economy is still relatively low despite its dramatic growth in recent decades, the head of the Organization for Economic Cooperation and Development (OECD) said.
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The ousting of Myanmar&#39;s prime minister bodes ill for the country&#39;s economic prospects, the International Monetary Fund cautioned Wednesday.
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Japan&#39;s economic growth in the April-June period was revised down to 0.3 percent in real terms, dropping 0.1 percentage points from the previously released figure,the government said Friday.
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A leading business group cut its 2005 forecast for British economic growth Thursday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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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 Asian Development Bank (ADB) raised its 2004 economic growth forecast for the region to seven per cent from 6.8 per cent due to surging exports, but cut its 2005 estimate as it sees China&#39;s expansion slowing.
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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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The Asian Development Bank on Wednesday cut its 2004 economic growth forecast for Thailand to 6.4 percent from 7.2 percent, citing the outbreak of avian influenza and higher oil prices.
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The Organization for Economic Co-operation and Development (OECD) predicts global economic growth to be at 3.6% in 2004. The OECD lowered its forecast in the wake of a rise in oil prices and drop in consumer confidence.
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South Korea's economy achieved lower-than-expected growth in the three months to September as domestic demand failed to pick up the slack from weakening exports.
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The International Monetary Fund has cut its forecast for global growth next year slightly amid expectations that the US and Chinese economies will not expand as strongly as previously thought.
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Asian economies are heading for robust economic growth in 2004, followed by a slight slowdown in 2005, the Asian Development Bank has said.
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HIGH oil prices will slash the countryâs economic growth by as much as 1 percent next year, the World Bank said Tuesday. In its latest East Asia Regional Economic Update
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The International Energy Agency cut its forecast for global oil demand, due to slowing economies.