Although the Chinese authorities attempted to slow down growth in their country, at growth rates of around 9%, this country continues to amaze. It is forecast that global growth in 2004 is likely to be in the region of 5%, slowing down somewhat in 2005 to 4,3%.
Based on these forecasts, we can safely say, without any fear of contradiction, that the world economy is still in a good state of growth. The oil price notwithstanding, the global economy has shown itself to be resilient in the face of so many other constraints.