The International Monetary Fund (IMF) has revised its global growth projections for 2007 and 2008 thanks to strong expansion from developing nations – with the bulk coming out of Asia and India, as well as, contributions from Russia. This is great news for small-cap resource companies that are exploring for and even producing the minerals, metals, oil and other natural resources necessary to sustain their growth. The complete entry on the IMF site is available here . Hat tip to Paul Kedrosky for pointing it out.
Having said that, the IMF does state that “the overall balance of risks to the global growth outlook remains tilted modestly to the downside” due in part to sky-rocketing oil prices that, if not contained, can put the brakes on growth.
Finally, the IMF also has some concerns about market risk due to the deteriorating credit picture. Though they do believe risks will be largely containted, I strongly suggest reading the story in its entirety.
Regards,
George