IMF FORECASTS CUT IN WORLD ECONOMY’S GROWTH RATE » Caspian Partnership for the Future

« February 2012 »

IMF FORECASTS CUT IN WORLD ECONOMY’S GROWTH RATE

Growth rate of the world economy will reduce from 5% in 2007 to 4.1% in 2008, as well as, and further to 3.9% in 2009, the International Monetary Fund’s (IMF) report on Development prospects of the world economy said.
According to the IMF’s forecasts, the growth rate in the United States will reduce to 1.3% on the average annual basis in 2008.
The IMF forecasts cut in the growth rate of economy in the countries with emerging market and developing countries. In accordance with the forecasts, the growth rate will reduce to 7% in these countries in 2008-2009 as compared to 8% in 2007.
A level of inflation ratio increases in the countries with developed economy, as well as, in the countries with emerging markets despite of the world economic growth. General level of inflation ratio increased to 3.5% in the countries with developed economy in May 2008. Inflation ratio will grow more slowly in the countries with developed economy and because of the forecasted price stabilization at exchange commodity, the expected increase of inflation ratio in 2008 will be compensated trough its subsequent cut in 2009.
According to the IMF forecasts, inflation ratio will increase more than by 1.5% to 9.1 and 7.4% in the countries with emerging markets and developing countries in 2008-2009.

Azerbaijan, Baku, 18 July / corr. Trend Capital A.Badalova

Hits: 240 | Published: 23 July 2008 | Category: News