Guardian Unlimited | IMF fears global growth contraction in 2007; Urges ECB to move ... FinFacts Ireland - World economic growth will extend for a fifth record year in 2007 the International Monetary Fund says but cautions that the risk of a severe global slowdown in 2007 is stronger than at any time since the 2001 terror attacks on the US. IMF raises Indian growth forecast to 8.3 per cent in 2006 IMF warns against Japan's rapid interest rate hikes |