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Saturday, March 11, 2006

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HEADLINE
 
IMF weighing upward revision to world growth in 2006
3/11/2006
 

          FRANKFURT, March 10 (AFP): The International Monetary Fund has increased its world economic growth forecast for 2006 to 4.8 percent from an estimation of 4.3 per cent last September, the daily newspaper Handelsblatt said here in its Friday editions.
The paper cited a draft report on the global economic outlook the IMF is scheduled to release next month.
The Fund, which sees world economic momentum of 4.7 percent in 2007, is now predicting growth of two percent this year for the 12-nation eurozone rather than its September estimate of 1.8 percent, according to the paper.
For 2007, the eurozone economy should expand 1.9 percent, Handelsblatt said, based on the IMF draft.
For the United States, the IMF predicts that economic output will rise 3.3 per cent this year and 3.6 percent in 2007, according to the paper.

 

 
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