That increase would come with world economic growth of 3.2 percent, he said.

The oil shock of 1973 is often called the turning point when world economic growth started to slow.

They will say, in effect, that given seven consecutive years of world economic growth, the trading partners must be doing something right.

How well it does that may have a profound effect on prospects for continued world growth.

One area where the two leaders were in agreement was the new economic strategy to lift world growth.

But we think world growth will be more like 2.5 percent to 3 percent.

The fund considers overall world growth of 2.5 percent or less to be a recession.

They said world economic growth is expected to slow this year to 2.4 percent from 4 percent in 2002.

It is a country which is a driving force of world growth.

For Asia will be the engine of world growth in this year and the years ahead.