OECD flags 'disconnect' between optimism in financial markets and fundamentals
It says market volatility and policy uncertainties could also derail modest economic recovery
Tokyo
THERE is a "disconnect" between the optimistic view financial markets appear to be taking of global economic prospects and underlying fundamentals, the Organisation for Economic Cooperation and Development (OECD) warned on Tuesday in an unusually blunt assessment.
Global economic growth should rise to 3.3 per cent in 2017 from just under 3 per cent last year and accelerate modestly to around 3.5 per cent in 2018, the OECD said in its latest Economic Outlook update. But this is by no means assured, it added.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April