World Growth Slows As Advanced Economies Stumble

May 2008
Business Today;5/4/2008, Vol. 17 Issue 9, p36
The article focuses on the projected slow of world growth in 2008. According to a latest report by the International Monetary Fund, world growth will slow to 3.7 percent as an effect to the financial crisis in the U.S. On the other hand, emerging countries are likely to withstand the outbreak better, but they can also experience the crisis in a lesser degree. It is expected that world will only improve in 2009. Moreover, growth among emerging and developing regions will remain above the trend.


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