INTERNATIONAL
<i> Times Staff and Wire Reports</i>
World Economic Growth Expected to Slow: In part because of U.S. monetary policy, global growth this year should be 2.9%, compared to 3.7% last year, the U.N. Conference on Trade and Development (UNCTAD) said. As recently as April, the International Monetary Fund had predicted a growth rate of 3.8%. In its annual trade and development report, UNCTAD criticized the Federal Reserve Board for trying to stem inflation by raising interest rates, saying the increase slowed the economy too much.
