Tue, Dec 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

OECD: Global economy is moving forward at multiple speeds

Friday, June 07, 2013

Benedicte Gravrand, Opalesque Geneva: - According to the OECD’s latest economic outlook, out last week, "a variety of factors account for the different speeds at which growth is projected to strengthen in advanced economies."

These factors include household deleveraging; health of the financial system; fiscal consolidation; and monetary policy stance (generally supportive but with some variation).

Advanced economies’ growth should strengthen gradually past mid-2013 and through 2014, thanks to monetary policies, better financial market conditions and increased confidence. That is, if everything stays the same.

The country that will mostly benefit from the upturn is the United States, whereas the euro area’s growth will continue to be limited by its own crisis and fiscal and credit issues. Japan will see an irregular growth pattern following its recent policies.

The overall pattern of growth within emerging market economies will be modest, but China will lead and other countries will follow, limited by structural factors and in some cases, stagflationary tendencies.

Labour markets should firm in the U.S. and Japan but unemployment may continue to rise in the euro area, says the OECD.

Inflation is expected to go up a bit in the U.S., as well as Japan. But it should remain low in the euro area, and vary across the large emerging markets.

As for monetary policy, the OECD believes it needs to remain easy in the U.S., and asset purchases be reduce......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. North America - Why Steve Cohen, Connecticut hedge fund billionaire, gives so much in New York[more]

    From Insidephilantrophy.com: Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut. Though his company (Point72) and foundation are based in Connecticut, Cohen and Alexandra are deeply connected

  5. Investing - Soros buys a highly speculative biotech in the third quarter[more]

    From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for