But the outlook for 2007 is for weakening global economic growth.

The projected increase in global growth next year will likely not happen.

The Global Growth Quest

A Global Growth Bargain

In fact, global growth has decelerated.

Hard Truths About Global Growth

When will we get a recovery of global growth?

This year the world economy has started a recovery and East Asia continues to maintain a high growth rate.

First, there will be a significant drag on world growth.

Manufacturing value added (MVA) growth significantly surpassed overall economic growth.

Some parts of the global economy are growing.

We therefore believe in global solidarity, especially of the developed nations.

As they continue to grow, their share of the world economy will continue to rise, boosting global growth beyond what it otherwise would be.

So you see, this is not about doing good, this is about global growth and global employment.

But can this apparently benign pattern of global growth be sustained, particularly since growth has been accompanied by ever widening global financial imbalances?

With the global economy recovering, China s trade surplus began to grow.

Consider the International Monetary Fund s regular projections of world growth.

The global security system must therefore be constantly improved to keep pace with technical development.

And, even if prices remain at current levels for most of the year, global growth will slow and inflation will rise.

China s continued economic growth and integration into the global economy gives America even greater opportunities to grow and succeed.

How could a tripling of global GDP and a fourfold expansion of the world s high income population be good news, given all that goes with it?

If America s bubble economy is now tapped out, global growth will slow sharply.

First, the delay implies a lost opportunity to raise global growth.

Global Compact members were small and large corporations from developed and developing countries.

The sustainability of growth is also being significantly affected by changes in the global economy.

The IMF recently projected that virtually all global growth in 2009 will come from emerging and developing economies.

But we can t, instead what is offered is a hollow vision of the common good that consists merely in successive rounds of cuts in state expenditures.

While the world economy is expected to grow by 3.3 this year, average annual growth in the advanced countries is projected to be just 1.2 .

We note with concern from the World Economic Survey, 1993 that for the third year in succession the rate of growth of world output in 1993 will be below that of world population.

Reinvigorating global growth runs a distant second.

Today, we remain mostly unconcerned about global population growth.

Clearly, periods of global growth are almost always characterized by symbiotic imbalances.

Yes, global growth has raised billions of people out of poverty.

No one should underestimate the growth challenge facing today s global economy.

But the bigger issue is that global gridlock is going to stifle economic growth and our ability to deliver food and health care, particularly to people that live in city centers.

That alone will tend to elevate global growth compared to the world where industrial countries, and the US in particular, were in the growth driving seat.

Optimists repeat the refrain that this year is different after a prolonged period of painful deleveraging, the global economy supposedly is on the cusp of stronger growth.

The almighty American consumer had another banner year in 2005, helping sustain global economic growth, albeit at a slower pace than in 2004.

The strong growth of the global economy in 2003 and 2004 was both reflected in and driven by strong growth in world trade.

At a time when the global economy is sputtering, we need growth.

Today, China and a few large developing countries have become the world s growth leaders.

The eurozone has been at the epicenter of this contractionary force on global growth.

Here growth is slow to appear, whereas early signs already herald the beginnings of expansion in the world economy.

So you see, this is not about doing good, this is about global growth and global employment.

The Chinese authorities reluctance to allow the renminbi to appreciate slows down global rebalancing and impedes world growth.