Market expectations running ahead of global economic prospects: OECD
Add BT as a preferred source
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."
TRENDING NOW
SIA sinks into the red with S$76 million Q1 loss as fuel costs jump
15-month wait-out curb lifted for private property owners buying HDB resale flats
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
