Brutal winter weather is holding back the global economy, but it’s on track for solid growth later in the year, a major economic think-tank says.
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Brutal winter weather is holding back the global economy, but it’s on track for solid growth later in the year, a major economic think-tank says.
Read more: http://tinyurl.com/lhjrsyb
The Organization For Economic Cooperation And Development just cut its global growth forecast.
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OTTAWA – The Bank of Canada may need to start hiking its trendsetting interest rate within the next year and steadily push it to 2.25 per cent by the end of 2015, according to an international think-tank representing the world’s leading economies.
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OTTAWA — When it comes to measuring the good life, Canada is among the world’s top spots for individual well-being, according to report by the Organization for Economic Co-operation and Development.
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Led by firm U.S. growth, the outlook is gradually improving for advanced economies while even crisis-weary Europe is at last joining the recovery, the OECD said on Tuesday.
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Unemployment rates in Canada and the United States will fall significantly by the end of next year but the overall rate among some of the world’s advanced economies will remain high, the OECD forecasts in a report issued Tuesday.
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The recession-hit euro zone will fall further behind a generally improving United States and a rebounding Japan this year, the OECD said on Wednesday, cutting its global growth forecasts.
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Canada is among the best places in the world to live, according to a new quality of life measure from a leading international organization that compared rich industrialized nations.
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PARIS – Canada is expected to lag several Group of Seven countries in the first quarter even as the global economy begins to rebound, the Organization for Economic Co-operation and Development said Thursday.
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From an economic perspective, Canada currently stands out among its OECD peers. On a relative basis, we have not looked this strong in more than a generation, although it is by no means a given that we will retain this superior economic performance, with so many obstacles facing our historical trading partners.
It will be imperative to capitalize on our natural resource assets in particular, by developing and commercializing advanced technologies to facilitate their development in more economic and environmentally responsible way.
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