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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (33502)	3/14/2001 4:22:53 PM
From: stockman_scott	Respond to of 65232

Official:World Economy to Recover in 2002 Wednesday March 14, 4:09 pm Eastern Time <<WASHINGTON (Reuters) - A senior IMF official said on Wednesday economic growth in the United States will slow to 1.7 percent this year but that the world's richest economy will shake off its doldrums in 2002 with solid 3.0 percent growth. Speaking on condition of anonymity, the senior International Monetary Fund official confirmed that the draft report of the lender's World Economic Outlook forecasts global growth of 3.5 percent this year before picking up to 4.0 percent in 2002. The draft of the closely-guarded twice yearly report, which is due to be released in late April, forecast growth in the 12 nations that make up the eurozone of 2.7 percent this year and 2.9 percent in 2002. Growth in Germany is expected at 2.2 percent this year and 2.6 percent in 2002. The report, which offers a snapshot of expectations for the world's economies, forecast sluggish growth of 1.0 percent this year in Japan and 1.8 percent in 2002. Among the other Group of Seven industrialized nations, the report forecast Italian economic growth of 2.3 percent in 2001 and 2.8 percent in 2002, growth in France of 2.7 percent in 2001 and 2.8 percent in 2002 and growth in the United Kingdom of 2.7 percent in 2001 and 2.9 percent in 2002. In Canada, the expectation is for growth of 2.5 percent in 2001 and 2.8 percent in 2002.>> Best Regards, Scott BTW, Greenspeak may need more than ALL BRAN <G>...The former Fed Governor on CNBC now seems much sharper --> he advocates AGGRESSIVE FED ACTION (at least a .75 bp cut)...Why not tomorrow AM..??