Market expectations running ahead of global economic prospects: OECD

Tokyo

BUSINESS confidence and financial markets may be running ahead of developments in the global real economy in assuming continued improvement in growth, the Organisation for Economic Co-operation and Development (OECD) warned on Wednesday in a report which dampened a recent surge of optimism.

"The mood in the global economy has brightened during the last year", the Paris-based organisation said in its latest bi-annual Economic Outlook. "Confidence indicators, industrial production, headline measures of employment, and cross-border trade flows have improved in most economies."