OECD expects steady growth in member countries
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The Organization for Economic Cooperation and Development (OECD) said Tuesday that the growth in all OECD countries is expected to be steady after the second quarter&#39;s stagnation.
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Consumers&#39; assessment of the economy held largely steady this month, according to a university research report released Friday.
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On the eve of the publication of the Wim Kok expert group report on the Lisbon Agenda, the European Growth Task Force of the European Policy Centre published 10 &quot;Do-s and Don&#39;ts&quot; designed to boost growth in Europe while retaining a positive agenda for jobs
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PARIS  - China, Japan and North America will pull the global economy forward over the next two years despite headwinds thrown up by high oil prices and tenacious deficits, the OECD predicted.
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The head of the International Monetary Fund on Tuesday predicted a "continued smooth ride" for the global economy, but cautioned there are signs of potential trouble ahead after several years of brisk growth.
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&quot;I expect steady growth in consumer spending and the continued growth in business investment,&quot; says Federal Reserve Bank of Philadelphia president Anthony Santomero.
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Eurozone economic chiefs on Monday looked on the bright side of recent &quot;worrisome&quot; data, insisting that the 12-country single currency area was still on course for growth of 2 per cent in 2005.
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Europe appears to be on the brink of a period of sustained economic growth but it is essential that governments step up the pace of structural reform, the French central bank chief has said.
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The European Central Bank held its main interest rate steady as expected on Thursday amid rising inflation and slowing economic growth.
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U.S. economic growth will remain steady in the next year as inflation moderates, the U.S. Chamber of Commerce forecast on Thursday, brushing aside concerns that the downturn in housing could spark a full-blown recession.
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The U.S. economy is slowing but the  outlook is benign, while Japan is poised for its longest  post-war growth spell, OECD chief Angel Gurria said on  Thursday.
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The U.S. economy is slowing but the outlook is benign, while Japan is poised for its longest post-war growth spell, OECD chief Angel Gurria said on Thursday.
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Growth in the US economy this year is likely to be 4.3%, the OECD forecast today, lowering an earlier forecast of 4.7%. But the Japanese economy was set to grow by 4.4% instead of 3% forecast earlier and the euro zone by 2% instead of 1.6%.
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The G7 wealthy nations on Saturday  predicted solid economic growth and subdued inflation this year  while repeating currency declarations that some economists  believe could limit the dollar's decline.
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High oil prices pose a risk to the  global economy, but the economic outlook for 2005 is still  favorable, the Group of Seven nations said in a statement  following their meeting on Friday.
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Europe's economic fundamentals remain sound but there is no room for complacency in the face of recent global financial turmoil, five key leaders said after a mini-summit in London Tuesday.
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PARIS: French President Jacques Chirac said yesterday he remained optimistic on the outlook for the economy despite data last week showing growth at just 0.1 per cent in the third quarter this year.