OECD lifts forecast for First World economies
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The Organisation for Economic Co-operation and Development (OECD) yesterday offered an optimistic assessment of prospects for the world&#39;s leading industrialised economies.
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The International Monetary Fund on Wednesday raised its 2004 world growth forecast to 5 percent, the highest level in three decades, but said sharply higher oil prices had sapped the recovery.
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GENEVA: The World Trade Organisation (WTO) raised its forecast for â04 global trade growth to 8.5% on Monday despite surging oil prices.
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The International Monetary Fund Monday raised its 2007 growth outlook for Britain's economy to 2.9 percent on Monday, while warning about risks including a frothy property market.
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Britain&#039;s economy has grown by more than previously thought in the first three months of the year, while annual numbers for 2001-2005 were also adjusted upwards, official data showed.
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The recent jump in world oil prices has cast a cloud over the global economic recovery, the International Monetary Fund says. The Washington-based watchdog said world growth was expected to be the strongest
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European stock markets were lifted Monday by a tech-led rebound on Wall Street Friday and gains in Asia, but euro zone government bonds fell after hawkish comments from a key European Central Bank official.
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The UK's economic future will be helped by a greater-than-expected number of EU migrants, a study says.
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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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The economic outlook for the United States and Japan weakened slightly in October, but prospects for the Eurozone improved slightly, according to an early warning indicator issued by OECD on Friday.
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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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Global oil prices are set to cool although not rapidly and not to levels seen in the 1990s, the Organisation for Economic Cooperation and Development (OECD) says.
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Germany&#39;s leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 percent, but predicted that the recovery in Europe&#39;s largest economy would slow next year amid slowing export growth and high oil prices.
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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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Nordic countries are leading the way in global economic competitiveness, with Finland topping the World Economic Forum's latest rankings.
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The forecast came as the U.S. revised upward its estimate for third-quarter gross domestic product growth to a robust 3.9 percent from 3.7 percent.
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The global economy is doing better than  for years as red-hot Chinese growth combines with comebacks by  Europe and Japan to offset a U.S. slowdown, the Organization  for Economic Co-operation and Development said on Thursday.