IMF Boosts World Growth Forecast To 4.9%

April 19, 2006
The International Monetary Fund raised its forecast April 19 for 2006 gross global domestic product (GDP) economic growth to 4.9%, up from 4.3% in its outlook six months ago. The IMF, in its semi-annual World Economic Outlook, said growth is finally ...

The International Monetary Fund raised its forecast April 19 for 2006 gross global domestic product (GDP) economic growth to 4.9%, up from 4.3% in its outlook six months ago. The IMF, in its semi-annual World Economic Outlook, said growth is finally spreading from the U.S. to other parts of the industrialized world, but that wide global imbalances are storing up trouble further ahead.

For 2007, the IMF sees world growth slowing to 4.7%, which is up from the forecast of 4.4% given last time.

"Despite higher oil prices and a number of natural disasters, economic activity in the second half of last year and early 2006 was strong, and inflationary pressures remain subdued," the report said.

"While the U.S. is still the main engine of growth among industrial countries, it is increasingly supported by the ongoing expansion in Japan and signs of a sustained recovery in the euro area."

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!