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OECD head says Europe heading for faster recovery, expects 7% China growth in 2015

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Europe is heading towards a faster economic recovery due to low oil prices, low interest rates and a "more competitive" euro currency, the head of the Organisation for Economic Co-operation and Development said in Beijing on Friday.

[BEIJING] Europe is heading towards a faster economic recovery due to low oil prices, low interest rates and a "more competitive" euro currency, the head of the Organisation for Economic Co-operation and Development said in Beijing on Friday.

China will be able to achieve economic growth of 7 per cent this year, while domestic demand will be strong enough to prevent deflation, the OECD's secretary-general, Angel Gurria, told Reuters in an interview.

REUTERS

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