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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (95331)	4/12/2000 10:13:00 AM
From: puborectalis	Respond to of 108040

World news.... Washington, April 12 (Bloomberg) -- The world economy will expand at a faster-than-expected 4.2 percent in 2000, fueled by the record U.S. expansion and exports from developing countries to industrialized economies, the International Monetary Fund said. Next year, world economic output will rise 3.9 percent, the IMF said. ``Evidence of a strong rebound in the global economy has continued to accumulate,' the fund said in its latest World Economic Outlook. The U.S. economy will grow 4.4 percent this year and 3 percent next year, the fund said. The 11 countries that have adopted the euro will see economic growth of 3.2 percent this year and next, according to the forecast. Japan, the world's No. 2 economy, will continue to lag the U.S. and Europe. Japan's recovery ``remains tentative and fragile,' with its growth rate poised to rise to 0.9 percent in 2000 from 0.3 percent in 1999, the IMF said. Japan may need to ``explore the scope for further monetary easing' to boost growth, the fund added. The biggest risk to world growth is the U.S., where stock prices have risen in part based on ``unrealistic expectations of future earnings growth,' the IMF said. The fund's forecast also warned that the U.S. trade deficit is too large and its savings rate too low. the IMF said.