OECD Lifts Growth Outlook as Emerging Nations Rebound |
| BusinessWeek - May 26, 2010 |
The Organization for Economic Cooperation and Development raised its growth forecasts for this year and next as emerging economies such as China outpace debt- burdened developed countries to drive the global expansion.
The economy of the OECD’s 30 members will grow 2.7 percent this year, more than the 1.9 percent predicted in November, the Paris-based group said today in a report. Including non-members such as China, the global economy will expand 4.6 percent this year and 4.5 percent in 2011, compared with an average of 3.7 percent during the decade through 2006.
The projections highlight the divergence in the global economy after it emerged last year from its worst slump in more than half a century. While the economies of China and India risk overheating, indebtedness may threaten expansion in the developed world, according to the OECD, which advises its members on policy.
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- Posted: 2010-05-26 10:45:21
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