BREAKING NEWS

BREAKING NEWS

OECD reports says world recovery will slow down

Now Reading:

OECD reports says world recovery will slow down

Text size Aa Aa

Global economic recovery will slow down next year, according to the latest OECD report.

The Paris-based Organisation for Economic Recovery and Development predicts growth for 2011 will fall to 4.2 per cent, down from 4.6 per cent this year. Factors for this include a slower than anticipated recovery in the US, global currency tensions and a possible debt crisis in Europe.

The organisation does expect growth to return to 4.6 per cent in 2012.