The Economic Times 5-6-2007 Page 30
Economies on a roll; set to beat forecasts for a sixth year
Worldwide growth looks set to outstrip forecasts for a sixth straight year in a row.
JP Morgan Chase's global interest-rate indicator, stands at 4.67%, below the 7.02% peak in November 2000,before worldwide growth slowed by almost half.
Sinai (who is Sinai not mentioned in the news item) expects worldwide growth above 5% this year, faster than the IMF's 4.9% April projection. If Sinai is right, 2007 would be the sixth straight year that the IMF's spring forecast proved too conservative.
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