World Bank raises 2009 China’s economic growth forecast from 6.5 percent to 7.2 percent

September 22nd, 2009 MANILA - China's economy rebounded stronger than expected and was now forecast to expand by 8.2 percent in 2009, the Asian Development Bank (ADB) said in a report released Tuesday. The Asian Development Outlook 2009 Update forecast that a surge in bank lending and fixed asset investments would push growth 1.2 percentage points higher than ADB's forecast in March.

July 27th, 2009 MUMBAI - A day ahead of the review of its monetary policy Tuesday, India's central bank sharply raised its growth forecast for the country's economy to 6.5 percent from its earlier projection of 5.7 percent. The Reserve Bank of India (RBI) said the revision was on account of positive outlook emanating from several sources, including the performance of core infrastructure industries, overall manufacturing output and roboust showing by the services sector.

July 16th, 2009 China's growth accelerates to 7.9 percent in Q2BEIJING — China's economic growth accelerated to 7.9 percent from a year earlier in the second quarter amid a stimulus-fueled surge in consumer spending, factory output and investment, the government reported Thursday. The growth rate for the world's third-largest economy was up from the previous quarter's 6.1 percent, the National Bureau of Statistics reported.

July 15th, 2009 WASHINGTON - The US Federal Reserve said the US economy will climb faster than expected out of its deep recession, but also warned Wednesday that unemployment could top 10 percent before the end of this year. In its first economic forecast since April, the Fed said it expected the world's largest economy to recover from its 19-month-long recession - albeit slowly - in the second half of 2009.

July 8th, 2009 WASHINGTON - The world is beginning to pull out of its first recession since World War II, the International Monetary Fund said Wednesday. In an updated economic forecast, the IMF said the global economy was already stabilising, the financial crisis has eased and the recession will end in the second half of this year.

July 8th, 2009 IMF raises Asia 2009 growth forecastBEIJING — The International Monetary Fund has raised its 2009 growth forecast for Asia's developing economies from 4.8 percent to 5.5 percent but cautioned that a sustained rebound will depend on recovery in developed economies. The Washington-based cited improved prospects for regional giants China and India.

July 7th, 2009 China's 2Q growth may top 7.5 pct, researcher saysBEIJING — China's economy is improving and growth might top 7.5 percent for the quarter that ended in June, a central bank researcher said in an official journal. Growth is benefiting from Beijing's stimulus spending and rising investment and consumption, said Zhang Jianhua, chief of the bank's research bureau, in an article in the July issue of the bank's magazine, China Finance.

June 22nd, 2009 WASHINGTON - Warning that the world is entering an era of slower growth, the World Bank Monday said that without India and China, the developing countries' output would shrink 1.6 percent. But with the two Asian engines of growth included, developing countries are expected to grow by only 1.2 percent this year, after 8.1 percent growth in 2007 and 5.9 percent growth in 2008.

June 22nd, 2009 World Bank cuts 2009 global growth forecastBEIJING — The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning that a drop in investment in developing countries will increase poverty. "The global recession has deepened," the Washington-based multilateral lender said in a report.

June 22nd, 2009 NEW YORK - Oil prices dropped more than four percent to $66.76 a barrel Monday, as the World Bank lowered its global economic forecast.

June 18th, 2009 World Bank raises China 2009 growth forecastBEIJING — The World Bank raised its 2009 economic growth forecast for China from 6.5 percent to 7.2 percent due to its stimulus-driven investment boom but cautioned Thursday it was too soon to say a sustained recovery was on the way. The stimulus impact is bigger than expected and will "strongly support growth," said Ardo Hansson, the bank's lead China economist.

June 18th, 2009 BEIJING - The World Bank Thursday raised its forecast for China's annual economic growth to 7.2 percent, saying the country is posting "respectable" growth fuelled by the government's four-trillion-yuan ($590 billion) spending package. "While China's economy has continued to feel the brunt of the global crisis, very expansionary fiscal and monetary policies have kept the economy growing respectably," the bank said in a quarterly report on China.

April 23rd, 2009 Development banks pledge $90B to Latam, CaribWASHINGTON — Development banks on Wednesday pledged about $90 billion in loans to Latin America and the Caribbean over the next two years to help the region fight a looming recession and generate growth. The financial crisis is battering the region through lower commodity prices, slumping demand for exports and tighter credit.

March 19th, 2009 NEW DELHI - India's economy will grow by at least 5 percent in 2009-10, a Planning Commission member said here Wednesday. 'We should see at least a 5 percent growth in GDP (gross domestic product) in 2009-10.

March 18th, 2009 BEIJING - The World Bank (WB) has cut its forecast for China's 2009 economic growth yet again, this time to 6.5 percent from 7.5 percent, it said here Wednesday. This is the second cut the WB has made for China's 2009 gross domestic product (GDP) growth forecast.