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.