St. Petersburg Times
Special report
Video report
  • For their own good
    Fifty years ago, they were screwed-up kids sent to the Florida School for Boys to be straightened out. But now they are screwed-up men, scarred by the whippings they endured. Read the story and see a video and portrait gallery.
  • More video reports
Multimedia report
Print Email this storyEmail story Comment Email editor
Fill out this form to email this article to a friend
Your name Your email
Friend's name Friend's email
Your message

Worldwide economy is progressing

Published April 5, 2007


WASHINGTON - The global economy is forging ahead despite slower growth from its No. 1 player, the United States, the International Monetary Fund concluded Wednesday.

A sharper-than-expected U.S housing slump, though, could pose a risk to the world's economic performance, IMF researchers warned.

"So far, however, the U.S. slowdown has had little discernible effect on growth in most other countries," the IMF said.

Last month, IMF chief Rodrigo de Rato predicted worldwide economic growth for 2007 to clock in at close to 5 percent. Rato said that would be the strongest five-year span for the global economy since the late 1960s.

That being said, there is still a worry that fallout from the residential real estate bust could spread. Spillover effects are most important for countries with close ties with the United States, particularly Latin America, the IMF said.

[Last modified April 5, 2007, 01:17:43]

Share your thoughts on this story

[an error occurred while processing this directive]
Subscribe to the Times
Click here for daily delivery
of the St. Petersburg Times.

Email Newsletters