IMF Predicts Strongest Growth in 3 Decades
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The global economy should register its strongest growth in three decades 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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In its twice yearly assessment of the world&#39;s economy, the International Monetary Fund concluded that growth in the Israeli economy will reach 3.6 percent this year, and placed Israel in its list of the 29 most developed nations of the world.
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India will improve on its already rapid economic growth levels in the years ahead, Prime Minister Manmohan Singh predicted on Monday.
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The US economy grew at a faster-than-expected 3.9 percent annual pace in the third quarter of 2004, powered by robust consumer and business spending, the government revealed.
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With the global economy under threat from rising oil prices and sharp regional growth differences, the International Monetary Fund appealed to governments to act boldly to preserve a worldwide recovery.
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World economic growth will be higher than previously thought at 5.1% in 2006 and 4.9% in 2007, the IMF predicts.
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Washington - The International Monetary Fund (IMF) on forecast Wednesday 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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Robust consumer spending on cars,  furniture and food helped power U.S. economic growth forward in  the third quarter at a faster pace than previously thought, the  government said on Tuesday, while underlying inflation was the  tamest in decades.
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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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VIENNA, Austria -- The head of the International Monetary Fund on Tuesday predicted a "continued smooth ride" for the global economy, but cautioned there are signs of potential trouble ahead after several years of brisk growth.
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WASHINGTON, Aug 17  - The International Monetary Fund said on Tuesday the near-term economic outlook for the Czech Republic, a European Union newcomer, was favorable with growth expected to strengthen.
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International Monetary Fund head Rodrigo Rato has said the world economy is in its best shape in five years, the BBC reported Sunday.
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US Federal Reserve officials are growing more confident about the economic outlook. The economy, which grew at a 3.9 per cent annualised rate in the third quarter and is expanding
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WASHINGTON -- Federal Reserve policymakers are widely expected to raise interest rates to their highest level in three years when they meet Wednesday.
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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 International Monetary Fund revises up its global growth forecast because of growth in China, India and Russia.
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The global economy continues  to grow briskly but the risks of an economic downturn have  increased since April, the head of the International Monetary  Fund Rodrigo Rato said on Friday.