IMF sees Australian GDP up 4.4 percent
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Australia's economy is well positioned to ride out the turbulence in world financial markets and will grow around 4.4 percent this fiscal year, the International Monetary Fund said Thursday.
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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 U.S. economic slowdown posed growing dangers.
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Israel's economy is expected to have grown by 4.2% in 2004 as it continues to shake off a three-year recession.
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OECD members South Korea, Australia and New Zealand could all expect stronger economic growth in 2004 than 2003, the Paris-based organisation forecast in its semi-annual outlook.
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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 economy is poised to grow by 6.4 per cent during the current year and 6.7 per cent in 2005, but a poor monsoon is raising concerns over agricultural growth, the International Monetary Fund (IMF) said here today.
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The global economy should register its strongest growth in 30 years 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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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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The U.S. economy grew at an annual  rate of 4 percent in the second quarter, as strong business  investment led the fastest pace of expansion since early last  year, the government reported on Thursday.
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New Zealand central bank Governor Alan Bollard raised the benchmark interest rate to a four-year high and said the sixth increase in 2004 may be the last as the economy slows and the local currency surges.
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Australia has returned incumbent Prime Minister John Howard for a fourth consecutive term of government, probably with an increased majority in the Parliament.
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Australia&#39;s equity market and currency may rise following the Liberal-National coalition&#39;s election to a fourth term in office after pledging to extend 13 years of economic growth and keep interest rates low.
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Prime Minister John Howard is betting eight years of economic growth and interest rates at a three- decade low will win him a fourth consecutive term in office when 13 million Australians elect a new government tomorrow.
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WASHINGTON  - The US economy grew at a brisker-than-expected 4.0 percent annual growth pace in the third quarter, the government said, raising hopes for a solid 2005.
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The Reserve Bank says there has been a sharp increase in activity on Australia&#39;s foreign exchange markets over the past three years.
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The U.S. economy should grow about 4.0 percent next year, giving the Federal Reserve room to continue raising interest rates at a measured pace,  Philadelphia Fed President Anthony Santomero said on Friday.
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Australia&#39;s Treasurer Peter Costello said his forecast in May for aA$2.4 billion ($1.7 billion) budget surplus will help keep interest rates from rising.