The world is recovering robustly from the global downturn, but eurozone debt and a risk of overheating in emerging economies are dangers on the prowl, the OECD said.
The OECD’s six-monthly review upgraded the global growth forecast for this year to about 4.75 per cent after a shrinkage of 0.9 per cent in 2009.
The signs of bounce back are being driven notably by emerging economies in Asia but the OECD also warned that imbalances between regions, widely held to have been a root cause of the global crisis, are rising again.-AFP
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