"...This year caps the strongest four-year period of global expansion since the early 1970s..."
Given that he 70's was a distastrous period for the markets, I don't quite know how to feel about this one.
Sept. 14 (Bloomberg) -- The International Monetary Fund raised its forecast for global economic growth while warning that inflation, oil prices and the U.S. housing slowdown threaten the strongest expansion in three decades.
The world's economy will expand 5.1 percent this year and 4.9 percent in 2007, the fund, comprising 184 nations, said today in Singapore. Both forecasts are 0.2 percentage point higher than the April predictions. Growth was 4.9 percent in 2005.
Rising borrowing costs pose a risk to growth as central banks seek to quell inflation, the fund said. The U.S., Europe and Asia have raised interest rates as higher energy costs and falling unemployment prompted companies to raise prices. This year caps the strongest four-year period of global expansion since the early 1970s, the IMF said
Given that he 70's was a distastrous period for the markets, I don't quite know how to feel about this one.
Sept. 14 (Bloomberg) -- The International Monetary Fund raised its forecast for global economic growth while warning that inflation, oil prices and the U.S. housing slowdown threaten the strongest expansion in three decades.
The world's economy will expand 5.1 percent this year and 4.9 percent in 2007, the fund, comprising 184 nations, said today in Singapore. Both forecasts are 0.2 percentage point higher than the April predictions. Growth was 4.9 percent in 2005.
Rising borrowing costs pose a risk to growth as central banks seek to quell inflation, the fund said. The U.S., Europe and Asia have raised interest rates as higher energy costs and falling unemployment prompted companies to raise prices. This year caps the strongest four-year period of global expansion since the early 1970s, the IMF said
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on Wednesday, September 13, 2006 at 11:57 PM.
