Global Economic Growth Forecast

A Reuters poll of bank economists shows they expect the world economy to grow 4.2 per cent this year before slowing in 2005 — but they differ on how the pace of global expansion should be calculated.

Forecasts for 2004 global growth ranged from 3.3 per cent to 4.7 per cent among the 38 economists polled between March 18 and 24. However, they were based on widely differing calculations, with some economists looking just at China and the United States and others analyzing up to 60 countries weighted by their purchasing power parity.

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