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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (16541)11/22/2004 8:13:16 AM
From: mishedlo  Read Replies (1) of 116555
 
IMF to cut 2005 global GDP growth forecast to 4 pct vs 4.3
BERLIN (AFX) - The IMF is revising downwards its global economy growth forecast for 2005 to about 4.0 pct from the 4.3 pct it announced in September, fund managing director Rodrigo Rato told the Frankfurter Allgemeine Zeitung. The cut has been prompted by continued high oil prices and the US budget deficit, he told the newspaper on the sidelines of this weekend's G20 meeting in Berlin

The finance minister and central bank governors from the world's 20 leading economies said in their closing communique that they expect the macro-economic environment to remain favourable in the next year. But they said downside risks to growth have increased due to volatile oil prices, the US budget and current account deficits, and "geopolitical concerns"
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