Global economy on a roll, but inflation lurks: OECD
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The global economy is doing better than  for years as red-hot Chinese growth combines with comebacks by  Europe and Japan to offset a U.S. slowdown, the Organization  for Economic Co-operation and Development said on Thursday.
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The US economy has escaped a recent soft patch and seems to be picking up steam, Federal Reserve chief Alan Greenspan said on Wednesday in remarks economists saw as cementing a September rate rise.
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The soaring cost of oil hits global economic growth, although recovery is not a distant prospect, according to the OECD.
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The world&#39;s financial system is in better shape than at any time since the pricking of the dotcom bubble and the September 11 terrorist attacks threw global markets into turmoil, the International Monetary Fund said yesterday.
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Lofty oil prices may make the road ahead a little steeper, but the economy is on track to emerge from a recent soft patch intact, private-sector economists at a weekend retreat agreed.
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European shares tracked Wall Street's gains after the Federal Reserve stuck to its "measured" rate-tightening pace, reassured on inflation and indicated that the U.S. economy was growing at a moderate pace.
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A likely soft landing for the U.S. economy will not dent the recovery that is gathering pace in Europe, the OECD said Tuesday, as it raised its growth forecast for the 12 nations that use the euro and cut its outlook for the United States.
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The soaring cost of oil has hit global economic growth, although world&#39;s major economies should weather the storm of price rises, according to the OECD.
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The global financial system is at its most resilient since the equity bubble burst in 2001, the International Monetary Fund said on Wednesday, despite rising
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The world economy has largely absorbed the effects of high oil prices and will likely grow 4 percent this year, despite concerns about the weak U.S. dollar, the president of the European Central Bank said Monday.
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TOKYO : Japan&#39;s economic recovery is on track as structural reforms take root but soaring global oil prices pose a question mark, the central bank chief said on Monday.
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The U.S. economy is on track after a weak stretch and an uptick in consumer prices seems to have passed, Dallas Federal Reserve Bank President Robert McTeer said on Tuesday.
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China, Japan and North America will pull the global economy forward over the next two years despite headwinds thrown up by high oil prices and tenacious deficits, the OECD said Tuesday.
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The U.S. Federal Reserve may need to   raise interest rates again to tame inflation and the ECB can   afford to hike euro zone rates further now that it has proof of   solid economic recovery, the OECD said on Tuesday.
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CALGARY, Alberta  - 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.
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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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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.