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OECD Economic Outlook: Better, but not good enough
Global growth expected to pick-up modestly with upside risks • Confidence is increasing and investment and trade are picking up from low levels • Growth is broad based; recovery in commodity producers helps the modest global upturn • Signs of rising demand for high-tech goods and investment to upgrade capital Productivity and wage growth remain subdued; financial stability risks persist • Headline employment indicators are improving but labour markets have not recovered • Financial risks from high and rising credit growth, house price increases, interest rate gaps More needs to be done to share the gains ... (full story)
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- cliffedwards
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- cliffedwards
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