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The global economy is likely to avoid an anticipated slowdown this year, but could yet suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher, the OECD said.
The much-anticipated monetary easing by the Bank of Korea (BOK) is expected to stall, complicated by the higher-for-longer path of the U.S. Federal Reserve (Fed), plunging Korean currency against the U.S. dollar, slowing disinflation and unmuted growth of household debt, market watchers said Thursday.
The Organization for Economic Cooperation and Development (OECD) has yet again revised its forecast for economic growth in Germany downwards and now sees only miniscule growth of 0.2% for this year. The group, which published its economic outlook in Paris on Thursday, had already lowered its growth forecast for Germany in an interim report in February to 0.3% from a forecast of 0.6% in November. For 2025, the OECD expects the German economy to gain momentum and grow by 1.1%. The organization cit
PARIS: The Organization for Economic Cooperation and Development (OECD) raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind.
In Thursday’s Spanish news, cinema for seniors relaunched offering cheap tickets to the flicks, Gran Canaria hospitality partner facing prison for unfair administration, and uniform and clothing enforcement limits clarified. The special traffic operation continues through the weekend in Castilla la Mancha, Madrid and Valencia in connection with the Labour Day holiday on Wednesday. Caravaca