Global Economic Review

The growth of the global economy slowed in 2005 after sizzling expansion the previous year. According to the forecast of the International Monetary Fund (IMF) in September 2005, the growth rate of the global economy in 2005 would drop to 4.3 percent from 5.1 percent in 2004. Although the IMF said in December it would raise its prediction, sources estimated that the adjusted rate would hardly surpass 4.6 percent. Despite