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Chapter 1: global prospects and policy issues.
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World Economic Outlook
- Article date:
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September 1, 2006
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Copyright informationCOPYRIGHT 2006 International Monetary Fund. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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World output increased briskly in the first half of 2006, and global growth is projected at 5.1 percent for the year as a whole before moderating to 4.9 percent in 2007 (Figure 1.1 and Table 1.1). Nevertheless, inflationary concerns, tighter conditions in financial markets, and further jumps in oil prices to new highs have highlighted downside risks as the global economy enters the fourth year of this current expansion. Other notable sources of uncertainty include the threat of an abrupt slowdown in the U.S. housing market; lingering doubts about prospects for growth in the other advanced economies; and questions about the resilience of emerging market countries in a more ...
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