April 21, 2006 | posted by Michael Baxter in Uncategorized |

The world is booming and according to the IMF will continue to do so, at least for the next couple of years.

The IMF has global growth for the year just ended at 4.8%, it expects a slight improvement for 2006, with 4.9%, growth and for things to be just a tad slower in 2007 at 2.7%.

There are the usual caveats of course.

The massive US trade deficit, and the high price of oil could de-rail things, so the IMF predictions could prove overly optimistic. Even so the IMF reports a reasonable degree of certainty in its predictions.

China is expected to grow by 9.5% this year, India by 7.3%, Asia excluding China by 7.9%.

Of the economic superpowers, the US is expected to top the pack with 3.4% expansion; Japan is expected to enjoy 2.8%, the UK 2.5% and the eurozone 2%.