Economy

OECD Thinks Eurozone Will Grow as Much as US This Year

OECD Thinks Eurozone Will Grow as Much as US This Year”

For emerging countries, the OECD raised by 0.2 per centage point its forecast for China's economy to expand this year, to 6.8 per cent.

Overall, the global outlook from the OECD has improved, with the institution increasing its prediction for GDP growth for 2018 from 3.6pc to 3.7pc; citing increased investment, increased trade and employment. - Reuters picPARIS, Sept 20 -The rebound in global growth is not yet secure, the OECD warned today, with weak investment by businesses and slow growth in trade and wages raising doubts whether the current momentum will be sustained.

The UK's GDP growth will drop from 1.6% this year to 1% next year, in line with the OECD's previous forecast, but Italy's national income will grow by 1.2% next year, up 0.4 percentage points from the forecast in the June. That means the OECD is expecting eurozone growth this year to match the USA rate, which it left unchanged.

The global economy is set for a further uptick next year, but strong sustainable, and inclusive medium-term growth is not yet secured, the Organisation for Economic Co-operation and Development said in its Interim Economic Outlook, released Wednesday.

"Structural efforts need to be intensified to bolster the nascent investment recovery, to address slow productivity growth and to ensure the recovery yields benefits for all". Rising corporate profits should help strengthen business investment through 2018, but low wage growth and fiscal consolidation are likely to weigh on activity in 2018, when growth is expected at 1.2%. "Monetary policy should remain accommodative in some economies but with an eye on financial stability so as to remain supportive of further rebalancing towards fiscal and structural initiatives". The outlook for 2018 was similarly raised, to 6.6 per cent. The growth outlook for 2018 was cut by 0.5 point to 7.2 per cent.



Like this

Latest


20 September 2017
Philip Morris International Inc. (PM) Position Boosted by Hutner Capital Management Inc
Currently, 489.07 million total shares are owned by the public and among those 473.73 million shares have been available to trade. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.23 by ($0.09).

20 September 2017
Hurricanes and Home Depot
The stock is one of the top US -listed equity positions reported on Form 13F by select hedge funds with concentrated top holdings. COPYRIGHT VIOLATION WARNING: This article was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune.

20 September 2017
FAAN Workers Protest Planned Concession of Major Airports
He noted that ensuring accurate valuation of the airports properties would help eliminate corruption and misrepresentations associated with previous concessions.

20 September 2017
Botham blasts transfer system after young star quits Durham
Nottinghamshire are on the verge of promotion back to division one and are this season's 50-over and Twenty20 champions. Notts Director of cricket Mick Newell said Coughlin can be "influential in all forms of cricket".

20 September 2017
Jets waive Kalif Raymond after big fumble; Time for Jeremy Kerley?
Two days after muffing a punt, Kalif Raymond was booted by the New York Jets , who waived the return specialist on Tuesday. Raymond was claimed off waivers by the Jets on September 3 after he played his rookie season with Denver a year ago .

20 September 2017
Shocking video of a nanny torturing a baby!
The nanny was seen throwing the baby into its cot, then later lifting it out with just one leg like a rag doll. That's when I made a decision to install cameras, so that I could see what was happening when I'm not at home.

20 September 2017
Meizu M6 arrives with octa-core CPU, 5.2-inch display
A sheet of 2.5D curved glass is applied on top of the Meizu M6's display, and the phone's display has been fully laminated. It is powered by a 64-bit octa-core MediaTek MT6750 SoC, and the internal storage can be expanded using a microSD card.

20 September 2017
Why today's teens aren't in any hurry to grow up
Twenge concludes that today's 18-year-olds are living more like 15-year-olds did in previous generations. However, the current scenario has shifted -and continues to do so-toward a slower model.

20 September 2017
Sushant Singh Rajput to play The Great Khali in the wrestler's biopic
While the actor is now shooting for his next Chandamama Door Ke , he already has another film Drive under his belt. What do you folks think about Sushant taking up this role?

20 September 2017
Iran Condemns Trump's 'Shameless and Ignorant' UN Remarks
Israeli Prime Minister Binyamin Netanyahu will meet President Trump on Monday on the sidelines of the UN General Assembly in NY . Netanyahu also echoed the US demand for renegotiation of the expiring provisions of the deal.



Recommended