'Global growth to remain sluggish'

Comment on this story


Copy of UKEconomyOrange

Reuters.

.

Paris - A leading international economic body is warning global growth is likely to remain sluggish as a slowdown in the developing world undercuts gains in Europe and the United States.

The Organization for Economic Cooperation and Development says in an update to November's World Economic Outlook that developed economies are suffering a temporary slowdown, mainly due to one-time factors like the harsh winter weather in North America. But it said the underlying trend is one of growth.

The OECD said that emerging markets, by contrast, “are experiencing a marked loss of momentum.”

In its report Tuesday, the OECD, a think tank for the world's most developed economies, predicts global growth of 3.5 percent this year from an estimated 2.7 percent last year.

Sapa-AP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
Sudoku