OECD Warns: G7 Recovery May Be Faltering
CNBC
OECD Warns of Slowing Economic Recovery
The global recovery looks to be slowing more than expected as growth weakens in the world's rich economies, and monetary stimulus should be extended or stepped up if the slowdown proves more than momentary, the Organisation for Economic Co-operation and Development said on Thursday...
The OECD forecast growth across the G7 group of major economies to average an annualised 1.4 percent in the third quarter and 1.0 percent in the fourth, down from 3.2 and 2.5 percent in the first and second quarters respectively.
It forecast annualized U.S. growth rates of 2.0 and then 1.2 percent in the third and fourth quarters, after 1.6 percent in the second quarter and 3.7 percent in the first quarter...