Growth

IMF growth forecasts fall on purchasing power data

The International Monetary Fund (IMF) has lowered its growth estimate for 2007 by half a percentage point after reviewing research published by the International Comparison Program, a global statistical initiative involving over 100 countries.

Beige book reveals reduced US expansion

The latest edition of the Federal Reserve's Beige Book shows that consumer spending has slowed and that the financial services industry has become a drag on growth, but that the economy grew nonetheless.

Enhancing economic growth in Zambia

Caleb Fundanga, the governor of the Bank of Zambia, speaking in Lusaka on October 29 2007, said that that low inflation coupled with a developed and stable financial system, will enhance higher economic growth.

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