"Moderate growth for world economy"
Anustup Roy
Press TV, Paris
Positive signs have emerged with regard to the global economic situation after some years of recession and stagnation in many nations across the world. According to the Organization for Economic Co-operation and Development, OECD, the global economy has improved in the past four months. For the rest of the year, countries will experience only moderate GDP growth.
The OECD is particularly concerned about the Eurozone, which has been facing economic stagnation and job losses for years.Although positive growth is forecast for next year, a closer look at the figures reveal the region is suffering from very weak inflation and faulty budgets.
This is a sharp statement particularly for France. The French government has repeatedly missed EU budgetary targets over the past few years by only making cosmetic changes after being warned by European authorities in Brussels.Meanwhile, the Paris-based organization points out at oil producing countries which will have to make sacrifices.
The OECD believes, the mispricing of financial risks led to the previous economic crisis, and those risks are still around. How soon they will affect economies is anyone’s guess.
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