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I had not previously heard that the economy of the world as a whole is doing well:
After bounding ahead by 5.1 percent in 2004, the global economy is projected to grow by 4.3 percent this year, the IMF said in its latest World Economic Outlook. The forecast for 2005 is unchanged from an estimate the IMF released in September.
The U.S. economy is doing well also:
For the United States, the IMF is predicting economic growth will increase by 3.6 percent this year, as well as next year. While that would be a moderation from the brisk 4.4 percent growth registered in 2004, it would still be considered healthy.
“The United States continues to hum,” Rajan said.
