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2006 growth on par with this year at 3.2%.
Byline: Parista Tuthamanop
Dec. 1--The global economy is expected to grow 3.2 percent in 2006, on par with this year, and 3.3 percent in 2007, said Hans Timmer, manager of the World Bank's global trends team.
World economic growth this year will be lower than the 3.8 percent growth posted in 2004, due to high oil prices and rising interest rates in the United States.
In 2006 and 2007, a rebound in Europe's economic growth will help offset a moderate slowdown in Japan and a stable US economy, he said.
The positive US economic growth and a turnaround in the electronic cycle demand will drive growth in East Asia over the next two years.
...
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Source: HighBeam Research, 2006 growth on par with this year at 3.2%.