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OECD reports says world recovery will slow down

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OECD reports says world recovery will slow down

OECD reports says world recovery will slow down
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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.