News

New Report Finds World's Developed Economies Strengthening

Gordon Charlop, right, works with fellow traders on the floor of the New York Stock Exchange. (March 2012 file photo)
Gordon Charlop, right, works with fellow traders on the floor of the New York Stock Exchange. (March 2012 file photo)

A new report says the world's developed economies appear headed for stronger growth in the coming months, with China advancing as well.

The Paris-based Organization for Economic Cooperation and Development said Tuesday that its gauge of future economic growth in its 34 member nations edged up in February for the fourth straight month.

The OECD said the U.S., with the world's biggest economy, and Japan, with the third largest, are showing strong signs of advancing. The report said they had "regained momentum" in the aftermath of the global economic downturn in recent years.

In addition, the OECD said that Britain and Germany are experiencing a "positive change in momentum," but that economic activity in Italy and France continues to be sluggish.

The OECD said that among emerging economies, China especially is strengthening, with Brazil, India and Russia also improving.  

Some information for this report was provided by AFP.

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Story

FILE - Children dressed in Santa Claus outfits line up before a Christmas celebration at a kindergarten in Hanoi.

Religion Aside, Christmas Gains Popularity in Communist Vietnam

Increasingly wealthy Vietnamese embrace holiday due to its non-religious glamor, commercial appeal More