African economy 'to expand 6.2%'
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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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The British economy has grown by 2.7 percent in 2006, in line with an initial estimate given last month.
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The Asian Development Bank raises its forecast for regional growth to 7% in 2004, up from an earlier forecast of 6.8%.
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Economic growth in the 12 nations that use the euro accelerated to 2.4 percent in the second quarter, the European Union said Monday, raising its forecast for the third-quarter but cutting it for the fourth.
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Singapore's economy is poised to meet its upgraded 2006 growth targets of 6.5 to 7.5 percent after gross domestic product (GDP) surged beyond expectations in the first half.
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The countryâs gross domestic product (GDP) rose 6.2 percent in the second quarter of the year, while gross national product (GNP) went up by 5.7 percent despite the rising world oil prices.
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Thailand's economic growth forecast for 2004 was cut by half a percentage point to 6.0-6.5 percent after expansion slowed to 6.3 percent in the second quarter due to bird flu and high oil prices, officials said.
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The International Monetary Fund expects Israel&#39;s economy to grow 3.6 percent by the end of this year, and 3.5% in 2005, according to the World Economic Outlook review released last week during Succoth.
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Africa is starting to enjoy economic growth again after years of dismal statistics, but to cut poverty and be more competitive its countries must invest more in manufacturing and improve their export performance, a major United Nations report on the
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China and India's growing trade and investment in Africa is spurring African economies, says a World Bank report.
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East Asian economic growth is expected to reach more than 7 per cent in 2004 but has probably already peaked in the first half of the year, according to the World Bankâs latest twice-yearly update on the region.
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The countryâs gross domestic product (GDP), which serves as the main barometer of the economy, expanded by 6.5 percent in the first three quarters of 2004, capped by a 6.3-percent
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ISLAMABAD: The World Bank has predicted that economic growth in developing countries will be 6.1 percent in 2004, the highest in three decades, but will moderate over the next two years.
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Broadband Internet connections in  Africa are expected to more than double by 2011, but the  continent is falling further behind the rest of the world as  governments fail to open markets and drive down costs.
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African leaders have vowed to speed up the economic and political integration of their continent to pursue the goal of a United States of Africa, but they also agreed to study more closely how to achieve it.
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Higher oil prices have slowed economic growth in the Organization for Economic Cooperation and Development, but it should expand by 3.6 percent this year.
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As South Africa&#39;s president he led the ANC back to power in elections in April with a two-thirds majority. The economy is booming, inflation is low and jobs, finally, are being created.