OECD Forecasts Steady Economic Growth
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The OECD revised the growth projections for its major members. The growth of the US economy this year is likely to be 4.3 percent, instead of an earlier forecast of 4.7 percent, it said.
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The world economy is sound, although financial markets may remain ragged for some time, and China must let its currency rise faster to rebalance global growth, finance officials from rich nations said on Friday.
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European stock markets made steady gains on Monday, led by advances in the banking and automotive sectors.
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U.S. stock futures were little changed  on Friday, pointing to a flat market open, after third-quarter  gross domestic product data showed the U.S. economy grew at a  slower-than-expected pace.
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U.S. private sector wage growth  should continue to accelerate in the months ahead on the back  of a healthy employment climate, according to a survey released  on Tuesday.
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Weekly data come in line with expectations, feeding hopes for a rate cut while limiting recession fears.
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The OECD cut its 2005 economic growth forecast for the euro zone and other major economies on Tuesday, blaming a &quot;surge in oil prices&quot; and the slide in the dollar.
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The Indian economy is poised for sustained economic growth of 7-8 per cent for the next ten years, Finance Minister Palaniappan Chidambaram told participants in a keynote address at the opening session of the World Economic Forum&#39;s 20th India Economic
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Germany&#39;s economy is still on the mend despite an unexpectedly sharp slowdown in growth over the summer, the country&#39;s central bank said Monday, predicting that exports would rise in the fourth quarter.
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THE global economy is slowly recovering, and with it hopes for a sustained period of economic growth in all regions. South Africa&#39;s economic future is tied to that of the rest of the world and for this reason
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OECD members South Korea, Australia and New Zealand could all expect stronger economic growth in 2004 than 2003, the Paris-based organisation forecast in its semi-annual outlook.
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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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A recovery in the world economy is still on track, central bankers from the world's 10 most-industrialised nations said.
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The government GDP report for the July-to-September quarter was unchanged from an estimate a month ago.  The economy is expected to limp through the final months of the year.
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World economic growth will be higher than predicted, the IMF says at the start of Singapore meetings.
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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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But the overall market should still show growth over the year, researchers say.