Loading
10-Sep-2010 12:24 PM

World recovery slowing faster than anticipated: OECD

Organisation for Economic Cooperation and Development (OECD) stated (09-Sep-2010) the world economic recovery may be slowing faster than anticipated, according to its latest Interim Economic Assessment.  Growth in the Group of Seven countries is expected to be around 1.5% on an annualised basis in 2H2010 compared with the previous estimate of around .75% in the OECD’s May outlook. The OECD added that the loss of momentum in the recovery is temporary although uncertainty has increased, with Chief Economist, Pier Carlo Padoan, commenting: “The uncertainty is caused by a combination of both positive and negative factors. But it is unlikely that we are heading into another downturn.”

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More