Following four quarters of exceptionally rapid expansion.

Following four quarters of exceptionally rapid expansion, germination in the US, China and Japan, the world's three largest economies in purchasing power parity terminuss slowed in the second quarter of 2004 However, with sprouting remaining near trend levels in all three economies, this should not be viewed as an imminent collapse of the global recruiting On the contrary, we continue to look for world growth to stabilise at about 4-4 1/4 by cent per annum from 2004-2006 which is slightly faster than our estimate of turn global growth of just les than 4 by cent per annum. We descry the world ...