|
|
IMF raises world economic growth to 5.2 percent this year (2) |
 |
+ |
- |
08:34, July 26, 2007 |
Japan, the second-biggest economy in the world, is expected to see its economy expand 2.6 percent in 2007 and 2.0 in 2008, up 0.3 percentage point and 0.1 point respectively from the April WEO.
Meanwhile, the 27-nation Euro zone will see the economy grow at a faster rate of 2.6 percent this year and 2.5 percent in 2008, up 0.3 point and 0.2 point, respectively.
Germany, Europe''s largest economy, sees a growth pace of 2.6 percent in 2007 and 2.4 percent in 2008, up 0.8 point and 0.5 point respectively.
The IMF also forecasts a 2.0 percent rise in consumer prices in the advanced economies in 2007, up 0.2 points, and a 5.7 percent increase in emerging market and developing countries.
"With sustained strong growth, supply constraints are tightening and inflation risks have edged up since the April 2007 World Economic Outlook, increasing the likelihood that central banks will need to further tighten monetary policy," the IMF said.
Source: Xinhua
[1] [2]
|
|
|
Comment
Tell A Friend
Print Format
Save Article