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Global investors remained skeptical about a recovery even after the International Monetary Fund (IMF) upgraded its US GDP growth forecast. IMF now expects the US GDP to contract 2.5 percent in 2009—this is lower than the 2.8 percent decline it had estimated in April 2009. The IMF revised the growth estimate for 2010 to 0.75 [...]
London, Wednesday, January 09, 2008 ARANCA News Report (www.aranca.com) :The world economy is expected to grow by 3.3 per cent this year despite the impact of the US sub-prime mortgage crisis, the World Bank has predicted.
The projected worldwide growth figure represents a downturn, however, from last year’s rate of 3.6 per cent and the 3.9 [...]
