Thursday, April 22, 2004

Global economy:


The IMF is predicting the world economy to grow by 4.6 percent in 2004 and 4.4 percent in 2005, buoyed by an increase in global trade and a surging US economy (or is it housing markey. It is also forecasting growth in developing nations to ease slightly. The latter is obvious: How can a region sustain a growth of 8 percent? Duh!!