» growth
growth
Luis Alberto MorenoInternational Development Bank (IDB) President, Colombian Luis Alberto Moreno, delivers a speech during the opening ceremony of the 48th Annual Meeting of the IDB in Guatemala City. Economic growth in recent years has helped reduce poverty in Latin America, but an "unacceptable" 205 million people in the region still live in poverty, the head of the Inter-American Development Bank (IDB) said on Monday.
People walk by a homeless person sleeping in the street, in LyonPeople walk by a homeless person sleeping in the street, in Lyon, eastern France. France faces a stretch of "soft growth" of 0.5-0.6 percent in the first two quarters of 2007 amid sluggish worldwide momentum in response to a downturn in the US housing market, French statistics body INSEE predicted Thursday
The US economy expanded a bit faster than previously predicted in the fourth quarter, with growth estimated at a 2.5 percent pace in revised data released Thursday.
US economic momentum is likely to decline this year to a pace slower than the 2.9 percent forecast in September by the International Monetary Fund, the head of the IMF said Thursday.
The Philippines must concentrate on attracting more investment in order to combat the entrenched problem of unemployment if it wants to sustain its economic growth, the World Bank warned on Friday.
A leading composite indicator for the 30-member Organisation of Economic Cooperation and Development was stable in February at 109.5 points, but signs pointed to softer economic conditions further down the line, the OECD said Friday.
Aggressive anti-inflation moves by India's central bank will slow scorching economic growth but are unlikely to result in a "hard landing," economists say.
The world economy is poised for a fifth year of "robust" growth but faces headwinds from a US housing slowdown and financial market instability, the International Monetary Fund said Wednesday.
Emerging Asian economies, driven mainly by China and India, will expand at a brisk but slightly lower pace during 2007 as US influence declines, the International Monetary Fund said Wednesday.
Global trade growth could slacken this year given a forecast slowdown in the world economy, but Chinese exports will continue to gain market share, the World Trade Organisation said on Thursday.
Massive health care, schooling and job discrimination against females are costing the Asia-Pacific region almost 80 billion dollars a year, a UN report said Wednesday.