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IMF: World economy expected to grow at 5.2% in 2007

Thursday,October 18,2007 Posted: 18:00 BJT(00 GMT)

From:www.chinaview.cn Article type:Reproduced

The world economy is expected to continue to grow robustly at 5.2 percent in 2007 and 4.8 percent in 2008 despite the recent financial turmoil, a report released by the International Monetary Fund (IMF) said Wednesday.

According to the "World Economic Outlook" report, the 4.8-percent growth next year, around 0.4 percentage point less than in the World Bank's July revision, was mainly caused by the turbulence in financial markets.

Among the major advanced economies, the projection for U.S. growth in 2007 as a whole is unchanged at 1.9 percent, but has been lowered by 0.9 percentage point to 1.9 percent in 2008.

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