Divergence in growth between US and Europe

Economic growth in the G7 countries is expected to be firmer through the first half of 2012, but the recovery remains fragile and will likely proceed at different speeds in North American and Europe, according to the OECD in its latest Interim Economic Assessment. The Assessment, presented in Paris by Chief Economist Pier Carlo Padoan, says the G7 economies are … Continue reading

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Global recovery is under way

Global activity is rising again and is expected to reach 3 per cent growth next year, according to the World Economic Outlook which was published by the International Monetary Fund (IMF) today.   The IMF considers that growth has turned positive due to the wide-ranging and coordinated nature of government intervention which has helped to reduce uncertainty in financial markets. … Continue reading

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