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High Expansion. Low Inflation. What Gives?
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| The world economy is cooking. Global output will expand 5% this year, the International Monetary Fund predicts -- the biggest rise in nearly three decades. The U.S. has pulled out of a slowdown earlier this year and looks set to post 4%-plus growth in the |
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Oct 9, 2004 00:06:10 |
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 48 ( -6 -12.5% ) | | Author | BusinessWeek Online |
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| Similar news: | - Fed: Rates Too Low to Curb Inflation - The U.S. Federal Reserve believedinterest rates were too low to forestall inflation even afterit raised borrowing costs in December, according to minutes ofthat meeting released on Tuesday.
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