"Oil prices may be threat to growth - IMF"

[GreenPartyVoter]

WASHINGTON (Reuters) - Surging oil prices are becoming a much greater threat to world economic growth, the IMF warned on Wednesday, as a second hurricane threatened the big oil producing and refining areas of the United States.
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In its twice-annual World Economic Outlook, the
International Monetary Fund said global growth was set to grow a swift 4.3 percent this year and next -- above the 3.9 percent average of the past decade, despite the higher oil prices.

It downgraded its forecast for global growth in 2006 from the 4.4 percent expected in April but retained this year's projection.

But IMF chief economist Raghuram Rajan told Reuters oil prices are surging increasingly because of supply disruptions.

http://news.yahoo.com/s/nm/20050921/bs_nm/economy_imf_global_dc

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[phantom power]

1. They don't miss a thing. Geniuses, they are.

[smartvoter]

2. What would we do without this cutting insight? nt

[phusion]

3. By growth

they mean the growth of CEOs and government officials' coffers.

[BlueEyedSon]

4. Don't be so hasty, its going to be a shitstorm for us wage slaves too.

[phusion]

6. You're right

CEOs will cut down on raises, new hires, and will announce layoffs to prevent profit loss.

[BlueEyedSon]

7. Look, even if everyone keeps their job,

do you know how much heating, electric and gasoline are going to be? It's a huge additional "tax".

Another way to think about it:
if guys with CEOs level salaries will be suffering, what does that mean for regular Joes?

[GreenPartyVoter]

5. Exactly. They are loving this

------------------------------------------------------
URGENT yet easy! Hold the government accountable for Katrina's aftermath
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x4736062

Save the gulf, then save the nation! http://www.geocities.com/greenpartyvoter/electionreform.htm

[BlueEyedSon]

8. no, it's a threat to "growth" (except for oil/energy revenues....)