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OECD: Global recovery no certainty

Even as developed economies see improving growth figures and a rosier future, the Organisation for Economic Co-operation and Development has warned that the global recovery could still be thrown off track.

In its latest report, the OECD raised its forecasts for growth in many developed markets but said central banks would need to continue with their exceptionally loose monetary policies to help ensure the global recovery is not derailed. It also warned about risks stemming from emerging markets.

The OECD said developed economies such as France, Germany and the United Kingdom will grow at a much faster rate than previously forecast.

CNN [1]

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