oecd g7 nations recovering from 2012 slowdown
Last Updated : GMT 18:08:33
Arab Today, arab today
Arab Today, arab today

OECD: G7 nations recovering from 2012 slowdown

Arab Today, arab today

Arab Today, arab today OECD: G7 nations recovering from 2012 slowdown

New York - AFP

The world\'s biggest economies are slowly recovering from a late 2012 slowdown, the OECD said in a near-term of assessment of G7 nations on Thursday, with Japan and the United States leading the way, ahead of a struggling, two-speed eurozone. Emerging economies were tipped to remain by far the strongest growth performers with China expected to expand by well more than 8.0 percent in the first half of 2013, the Organization for Economic Development and Cooperation said. The OECD forecast that the full Group of Seven (G7) most industrialised economies, which does not include China, will grow by 2.4 percent in the first quarter of this year on an annualised basis and by 1.8 percent in the second. Forecasts remain very uncertain however, the OECD added, with new-found buoyancy on financial markets yet to feed through to the wider economy. Accordingly, the need for monetary stimulus from central banks remained \"a key instrument for supporting demand\" even though results could be insufficient and despite the dangers. An expansionary monetary policy \"should remain in place for now and in some case be pursued further\", the OECD said. The Paris-based organisation said that although downside risks to growth were eased last year after the US took action to face its fiscal cliff debacle and the European Central Bank (ECB) pledged support for troubled eurozone economies, \"real activity has yet to reflect fully the improvement\" seen on the financial markets \"especially in the euro area.\" \"This highlights the risk of asset prices getting out of line with fundamentals, especially as regards to corporate securities,\" the report said. The eurozone economy is experiencing a divergence, the OECD said, with Germany \"likely to pick up strongly over the first two quarters of 2013\" and the economies of other member nations such as France and Italy remaining \"slow or negative\". The OECD meanwhile said that new anti-deflationary policies in Japan would help the nation accelerate from \"low levels\". A breakdown of the estimates suggested that the United States would lead the G7 pack, expanding by 3.5 percent in the January to March period and by 2.0 percent from April to June. Japanese business activity was tipped to expand by 3.2 percent in the first three months of the year, and by 2.2 percent in the second quarter. Crisis-hit Italy is expected to perform the worst, contracting by 1.6 percent in the first quarter and by 1.0 percent in the second, the OECD said. France would contract in the first quarter by 0.6 percent, officially putting it in recession after also contracting the previous quarter, but recover with an expansion of 0.5 percent in the second quarter of 2013. Germany meanwhile should sharply outpace its eurozone partners, growing by 2.3 percent in the first quarter and 2.6 percent in the second. World trade, which had slowed in 2012, should grow again in this year in line with economic growth, the OECD said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oecd g7 nations recovering from 2012 slowdown oecd g7 nations recovering from 2012 slowdown

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oecd g7 nations recovering from 2012 slowdown oecd g7 nations recovering from 2012 slowdown

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday