IMF lifts world growth estimates
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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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IMF Managing Director Rodrigo Rato sees world economic growth of around 4.6 percent in 2004 and 2005, according to an interview published in a Spanish newspaper on Friday.
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Developing nations are on course to record their strongest economic growth since 1974, the World Bank says.
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The IMF says that global economic growth is likely to be dampened by the turbulence which has swept world markets.
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WASHINGTON (CBS.MW) -- Global financial markets are stronger than at any time since the US stock market bubble burst in early 2000, according to an IMF report released Wednesday.
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The Washington-based World Bank says 2004 has been a very good year for developing countries, with their economies growing at their fastest pace in 30 years.
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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.
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Global finance chiefs on Saturday made progress on reforms that would give emerging economies a greater say in the International Monetary Fund and expressed confidence they could seal a deal next year.
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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 International Monetary Fund says the world economy is growing at the fastest past in three decades, but in its semi-annual report the international lender says growth is likely to slow in 2005.
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Brazil&#39;s government got a big boost Friday when the new head of the International Monetary Fund praised its economic policy and economists raised their growth forecast for the continent&#39;s largest economy.
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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 outlook for India&#39;s economy was upgraded Monday by international credit rating agency Standard &amp; Poor&#39;s, despite rising inflation and insufficient monsoon rains that could slow growth.
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China, having surprised the world 10 days ago with its first interest rate rise in nine years, took another unusual step last week by publishing for the first time the annual report on its economy by the International Monetary Fund.
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China's economy accelerated to 9.5 percent growth in the year through the fourth quarter, exceeding forecasts and raising the risk of another interest rate increase to avoid overheating.
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On Tuesday, the Organization for Economic Cooperation and Development (OECD) lifted its forecasts for the world largest economiesâ growth.
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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.