Global Economy

Japan's economy grows briskly despite credit woes (TODAYonline)

16 May 2008

A car showroom in Tokyo. Japan's economy grew at a faster than expected 3.3 percent annualised pace in the first quarter of 2008 despite a global credit crunch and US economic slowdown

UN says world economy will only grow by 1.8% (KRON 4 Bay Area)

16 May 2008

UNITED NATIONS (AP) - The U.N. says the world economy is "teetering on the brink" of a severe downturn and will grow by only 1.8% in 2008. That's down from a global growth rate of 3.8% in 2007.

UN: World economy to grow by 1.8 percent in 2008 (The Charlotte Observer)

16 May 2008

The world economy is "teetering on the brink" of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its mid-year economic projections Thursday. That's down from a global growth rate of 3.8 percent in 2007, and the downturn is expected to continue with only a slightly higher growth of 2.1 percent in 2009, the U.N. report said. The mid-year update of the ...