World economy punches towards 3.1 pct growth this year: OECD
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Industrialised economies are growing at 3.1 percent this year, the OECD said as it warned that the United States may have to raise interest rates further but that the European Central Bank should wait.
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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 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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The US economy expanded at a 3.7 percent annual rate in the third quarter, below expectations but still bolstered by healthy consumer spending that was accompanied
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The economy grew at its strongest pace in more than a year during the spring as international trade and business investment helped offset weakness in housing, the government said.
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The economy -- helped out by more brisk consumer and business spending -- grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.
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OECD raises economic forecast for region and lowers United States.
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The global economy is expected to log solid growth this year and next, although elevated energy prices and inflation hover as risks, the chief of the International Monetary Fund said Tuesday.
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The Organisation for Economic Co-operation and Development (OECD) yesterday offered an optimistic assessment of prospects for the world&#39;s leading industrialised economies.
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The UK economy grew at an annual rate of 3% in the first quarter of the year, raising the chances of more rate hikes.
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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 increased at an annual rate of 4 percent in the third quarter of this year following a rate of 3.3 percent in the previous quarter, the Commerce Department reported on We dnesday.
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Australia&#39;s economy expanded 1.6 percent in the March quarter, posting its strongest growth in three years and sending the Australian dollar to a 17-year high, official data released Wednesday showed.
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The US economy picked up speed in the third quarter to expand at a 3.7 percent annual rate, the government reported Friday in the last significant look at the economy before Election Day on Tuesday.
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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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The economy grew at a 3.7 percent annual rate in the third quarter _ a pace slightly better than in the spring but not as strong as many analysts expected.
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WASHINGTON - 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 yesterday.