Global Economy Is Rebounding, O.E.C.D. Says

BERLIN — The global economy is slowly regaining its strength, driven largely by the rebound of the United States and Japan, but record-high unemployment in Europe continues to drag on efforts to recover in that region, the Organization for Economic Cooperation and Development said Wednesday.

The organization, based in Paris, predicted that gross domestic product in its 34 member countries, all of which have developed economies, would grow 1.2 percent this year, slightly below the 1.4 percent it forecast six months ago.  Read more

Categories: Economics, United States

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