The International Monetary Fund (IMF) anticipates robust growth in the world economy in 2007 and 2008, according to the IMF April 2007 World Economic Outlook report. Even with a slower-than-expected decline in the U.S. economy, spillover has been limited. “Global growth is expected to moderate to 4.9 percent in 2007 and 2008,” the report stated. “In the United States, growth is expected to come down to 2.2 percent this year, from 3.3 percent in 2006, although the economy should gather some momentum during the course of the year as the drag from the housing sector dissipates.”
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