PARIS David Robinson Jersey , March 18 (Xinhua) — In a regular assessment of global economy, the Organization for Economic Cooperation and Development (OECD) on Wednesday saw improved growth prospects in major advanced economies thanks to low inflation and easy monetary policy.
“Low oil prices and monetary easing are boosting growth in the world’s major economies,” the OECD noted.
In the world’s leading power, strong domestic demand combined with dollar appreciation, helped to bolster the American economic activities David Lee Jersey , the Paris-based think tank confirming its previous estimate of 3.1 percent this year and 3.0 percent in 2016.
Hailing “courageous decisions” of the European Central Bank to tackle deflation risks, the OECD raised its growth forecast in the eurozone by 0.3 percentage points for each year to stand at 1.4 percent in 2015 and 2 percent a year after.
“The euro area should benefit from low oil prices, monetary stimulus and euro depreciation, which combine to offer the chance to escape from stagnation,” it said.
In the single-currency bloc Danny Green Jersey , the organization predicted improved growth but with different speeds. In Germany, the eurozone’s main powerhouse, the OECD raised its forecast by 0.6 percentage points to 1.7 percent this year and 0.4 percentage points to 2.2 percent in 2016.
Looking to French economy, it revised up growth estimation to 1.1 percent in 2015 against a previous estimate of 0.8 percent. Next year, the growth rate is set at 1.7 percent in line with government’s targets.
According to the OECD’s latest Interim Economic Assessment Bruce Bowen Jersey , Japan’s growth is expected to increase by 1.0 percent this year and 1.4 percent next year, up 0.2 points and 0.4 percent respectively as “monetary and fiscal stimulus provide the impetus for faster near-term growth, but longer-term challenges remain.”
As to China, it lowered its forecast by 0.1 percentage point to 7.0 percent this year.
“Lower oil prices and widespread monetary easing have brought the world economy to a turning point, with the potential for the acceleration of growth that has been needed in many countries Authentic Spurs Hats ,” said OECD Chief Economist Catherine L. Mann.
“There is no room for complacency, however, as excessive reliance on monetary policy alone is building-up financial risks, while not yet reviving business investment,” she added Authentic Spurs T-Shirts , recommending a more balanced policy approach that allows a full use of fiscal and structural reforms “to ensure sustainable growth and public finances over the longer term.”
ATHENS, Jan. 1 (Xinhua) — Athens on Saturday night welcomed the New Year with a party at the foothill of the Acropolis hill, wishing that in 2017 the country will overcome the seven-year debt crisis and tackle the refugee crisis.
Braving the cold, hundreds of people sang and danced for hours to the rhythm of music played by bands and artists who performed on the stage set up at the pedestrian walkway facing the Acropolis.
A few minutes before midnight, Athens Mayor Yorgos Kaminis gave the traditional countdown, which was followed by a fireworks show wishing a better future to Athenians, Greeks, foreigners living in Greece and the entire world.
“Difficulties are not over, but we stand with optimism. United we will make it. We need each other. We are united for Athens, for our country, our future, our children. Happy New Year with peace, solidarity and optimism,” the mayor said in his speech.
Radiology Technician Schools: Putting Your Resources Straight January 15, 2014 | Author: Maximina Upham | Posted in Education
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