Global economy in danger of stalling: OECD

Tokyo

IN a sobering assessment of near-term international economic prospects, the Organisation for Economic Co-operation and Development (OECD) on Wednesday gave the global economy only a B-minus grade for its performance, and said a failing grade was possible.

The warning from the Paris-based OECD comes at a time when agencies such as the International Monetary Fund (IMF) have also flagged concern that, without policy reforms, the global economy could be condemned to low growth and high unemployment.

OECD chief economist Catherine Mann said at the launch of its latest Economic Outlook repor…