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Global growth and the rising oil price

Following four quarters of exceptionally rapid expansion, development in the US, China and Japan, the world's three largest economies in purchasing power parity bourns slowed in the second quarter of 2004 However, with development remaining near trend levels in all three economies, this should not be viewed as an imminent collapse of the global redemption On the contrary, we continue to await world growth to stabilise at about 4-4 1/4 by cent per annum from 2004-2006 which is slightly faster than our estimate of incline global growth of just les than 4 by cent per annum. We diocese the world ...


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