World economy switches engines as US shudders: OECD
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The U.S. economy is running out of steam but Europe's resurgence and Asia's awakening will prevent the world's economy from derailing as it did after the stock market crash of 2000, the OECD said in a report on Tuesday.
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Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery - and underscored the struggle to shake up regulation-clogged economies in countries that use the ...
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Fears of a US slowdown prompt a share slump in Europe and Asia and jitters on Wall Street.
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Expanding state ownership is a &quot;step back&quot; for the Russian economy, the OECD has said in a report that raised concerns over the sustainability of Russia's current boom.
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Global stock markets fall sharply after US employers cut back on jobs for the first time in four years.
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Sudden changes in the housing market pose the biggest threat to the UK economy, the world financial watchdog warned today. In an unusually stark message, the International Monetary
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Growth in US services - the engine driving the world's biggest economy - has slowed sharply, a survey suggests.
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The spillover effect of the U.S. housing crisis and economic downturn will slow the global economy this year, the International Monetary Fund said yesterday. But some observers insist such forecasts could be worse, noting that America's role in the global marketplace is not as dominant as it once...
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The Organization for Economic Co-operation and Development (OECD) predicts global economic growth to be at 3.6% in 2004. The OECD lowered its forecast in the wake of a rise in oil prices and drop in consumer confidence.
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Asian powerhouse replaces Japan as No. 2 investor in research and development, OECD says, and the U.S. still leads the pack.
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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 said Tuesday.
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Industrialised economies are growing at 3.1 percent this year, the OECD said as it warned that the United States may have to raise interest rates further but that the European Central Bank should wait.
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US economic competitiveness fell significantly over the last year, as high budget and trade deficits hurt America's business environment, according to a survey by the World Economic Forum.
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Europe&#39;s main stock markets fell Thursday, with global investors rattled after former US Federal Reserve chairman Alan Greenspan warned of a possible &quot;dramatic contraction&quot; in Chinese share prices.
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A slowdown in the US will crimp global economic growth in 2007, a report from the OECD predicts.
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Business & money: Finance chiefs from the G7 warn the global economy will slow down as a result of US mortgage crisis
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The US economic outlook has suddenly darkened in the wake of data showing a stalling of the job growth machine, raising risks that a housing slump will lead to a full-blown recession, analysts say.