Tim Adams recommends emerging economies have more say in IMF

In comments to an International Institute of Economics conference, US Undersecretary of the Treasury Tim Adams said that rapidly-growing emerging economies should have more of a say in the lending operations of the International Monetary Fund. He also said that representation on the IMFs governing board might need to be adjusted. He said […]

IMF expects global economy growth of 4.3 percent

The International Monetary Fund expects the world economy to grow by 4.3 percent this year and next year, according to its semi-annual World Economic Outlook released on Wednesday. This prediction is a cut from an earlier-expected 4.4 percent growth next year but earlier forecasts for this year were retained. The expected growth for […]

OECD adjusts economic forecast on national economies

The Paris-based Organization for Economic Cooperation and Development said on Tuesday that its advice to the US Federal Reserve is to ease up on its course of interest rate hikes in the wake of Hurricane Katrina and all the devastation and disruptions the storm has caused. The advice came as the OECD issued new […]

Analysts expected significant but limited damage from Katrina

The consensus of economists on Thursday was that while the aftermath of Hurricane Katrina will slow down the growth of the US economy, although it will not be a big event economically, as a representative of Wells Capital Management put it, because oil prices have not gone as high as it was expected they might. […]