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The CBI has downgraded its economic growth forecast for the year from 1.8% to 1.7% and the Centre for Economic and Business Research, has warned that up to 10, 000 jobs could be lost in the City. This is significantly higher than the 1, 500 job losses it was predicting in January and underlines the fact that conditions are still deteriorating. Consumers therefore need to take action and ensure that their finances are in order should the worst happen.

Internet Business Opportunity The International Monetary Fund Wednesday predicts robust economic growth will continue this year and next, driven largely by the thriving U.S. economy.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

The IMF said yesterday that Japan's economy will grow 2.3% in 2007.However Japanese economic growth for 2008 is projected at 1.9%.

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The International Monetary Fund (IMF) has warned of a 'perfect storm' and its chief economist, Simon Johnson, said that projections for the European economy were 'too optimistic'. "The combination of the credit crunch and high oil prices could bring a big reduction in international trade from which no one would be immune, " Thisismoney reports him saying. HSBC has warned there will be less cash available for lending to consumers and predicted the Bank of England will lower interest rates.

Work At Home Business April 13, 2005 (AXcess News) Washington - The International Monetary Fund Wednesday predicts robust economic growth will continue this year and next, driven largely by the thriving U.S. economy. But the IMF in its World Economic Outlook cautions high oil prices and rising interest rates cast a cloud over its otherwise sunny economic forecast.

The new study comes as world oil prices are already at near record highs, trading at above $54 a barrel. If oil prices remain at these high levels, the International Energy Agency's executive director Claude Mandil warns, it could effect economic growth and jobs in developing countries.

Free Online Affiliate Program IMF chief economist Raghuram Rajan says the world economy is performing well and even better than had been predicted six months ago. The pace of growth has slowed only slightly from last year's 5.1 percent, which was the best overall performance in several decades."While we project a still relatively robust 4.3 percent growth in 2005, volatile oil prices and higher interest rates create some downside risk," Mr. Rajan said. "Also, we see an increasing divergence across regions. The expansion continues to be overly dependent on the United States and emerging Asia."

Botswana has maintained one of the world's highest economic growth rates since independence in 1966, though growth slowed to 4.7% in 2006.

Auction Coin Money Paper The U.S. economy, the world's biggest, is expected to grow by over 3.5 percent, while China and India will grow by over eight percent and nearly seven percent respectively. By contrast, growth has been revised significantly downward in Japan and to a lesser extent in Western Europe.

Franchise Business Opportunity Mr. Rajan says the economies of Latin America and the Middle East are set to grow, but particularly encouraging signs of recovery come from Africa."One of the brighter spots in the current global recovery has been the acceleration of growth in sub-Saharan Africa to over five percent in 2004, which is the highest in almost a decade," Mr. Rajan said. "We expect growth prospects to remain favorable in both 2005 and 2006."

Best Free Online Affiliate The IMF says, although the prices of oil have risen to over $50 per barrel, the increase has not yet had significant depressing impact on world growth. The IMF says it does not anticipate any sharp drop in oil prices.Among its principal policy recommendations, the IMF wants the United States to boost its savings and cut its budgetary and trade deficits. It wants China to slow down its stunning investment growth. And it advises the world's richest countries with rapidly aging populations, to scale back overly generous but seriously underfunded retirement programs.

Blogging Money Thebillivard Source: Voice of America

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