To: KyrosL who wrote (22004 ) 9/6/2007 4:06:53 AM From: elmatador Respond to of 218000 World economic overall output growth of 3.4 percent in 2007 China and India will again set the pace for growth in the developing world, with growth rates of 10.5 percent and 8.5 percent in 2007. Africa is expected to continue economic growth of around 6 percent in 2007, while Latin America and West Asia will slow down only slightly, to around 5 percent. Decoupling !!! World economic growth to continue in 2007: UNCTAD + - 08:01, September 06, 2007 Comment Tell A Friend Print Format Save Article The world economy will maintain its momentum and expand for a fifth consecutive year with estimated overall output growth of 3.4 percent in 2007, the United Nations Conference on Trade and Development (UNCTAD) said on Wednesday. In its annual Trade and Development Report, UNCTAD said the 2007 growth rate would be a little lower than the 4 percent growth in 2006, mainly due to the slowdown in the United States. The contraction in the housing market will drag U.S. gross domestic product for 2007 to a modest 2 percent growth, compared with 3.3 percent last year, the report said. According to the report, China and India will again set the pace for growth in the developing world, with growth rates of 10.5 percent and 8.5 percent in 2007. But the two countries and other emerging economies should continue to take preventive measures, such as increasing domestic demands, in case the U.S. economy slips into a recession, thus affecting their exports, UNCTAD said in the report. The report predicted a 2.8 percent economic growth for the European Union and 2.3 percent growth for Japan in 2007. Africa is expected to continue economic growth of around 6 percent in 2007, while Latin America and West Asia will slow down only slightly, to around 5 percent. For now, the world economy is going through a "golden period," UNCTAD Secretary-General Supachai Panitchpakdi told reporters in Geneva. He said developing countries, including many of the poorest, will continue to benefit from strong demand for primary commodities.