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OCDE’S INTERIM ECONOMIC ASSESSMENT : A MODERATE RECOVERY IN THE ADVANCED ECONOMIES, BUT GLOBAL GROWTH IS SLUGGISH AND RISKS REMAIN*.

Interim_Assessment_Handout_September_2013_REVISED

WHAT IS THE NEAR – TERM GLOBAL ECONOMIC OUTLOOK ? *

1. THE RECOVERY IN WORLD TRADE REMAINS SLUGGISH.

2. INDUSTRIAL PRODUCTION GROWTH HAS PICKED UP IN ADVANCED COUNTRIES BUT SLOWED IN EMERGING COUNTRIES.

3. FORWARD – LOOKING INDICATORS HAVE IMPROVED IN ADVANCED ECONOMIES.

4. RECENT HIGHER GROWTH RATES FOR THE MAJOR ADVANCED COUNTRIES SHOULD BE MAINTAINED IN THE REST OF 2013.

5. BOND YIELDS HAVE RISEN, WITH THE AMOUNT DEPENDING ON FUNDAMENTALS AND CENTRAL BANKS ACTION.

6. EMERGING ECONOMIES HAVE RECENTLY SUFFERED A SHARP REVERSAL IN CAPITAL FLOWS.

7. EMERGING ECONOMIES WITH LARGE CURRENT ACCOUNT DEFICITS HAVE TENDED TO EXPERIENCE THE MOST EXCHANGE RATE PRESSURE IN RECENT MONTHS.

8. TREND GROWTH IS DECLINING IN EMERGING ECONOMIES.

* BASED ON TODAY’S PRESS CONFERENCE RUN BY OECD DEPUTY CHIEF ECONOMIST – JORGEN ELMESKOV -

OUR COMMENTS AT WWW.CONVERSATIONPRIVEE.COM / WWW.OFF-THE-RECORDMESSAGING.COM

STILL NO REASONS TO DANCE ON THE TABLES !…

HOWEVER THE REAL GOOD NEWS FROM THE INTERIM ECONOMIC ASSESSMENT IS THAT PUBLIC FINANCES HAVE BEEN IMPROVING IN MOST ADVANCED ECONOMIES, WITH THE EXCEPTION OF JAPAN.

PHLDUCX – Publisher & Executive Editor – WWW.CONVERSATIONPRIVEE.COM / WWW.OFF-THE-RECORDMESSAGING.COM - Member of The Editorial Committee of LA LETTRE DIPLOMATIQUE – www.lalettrediplomatique.fr