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Global economy to grow 4.2pct in 2011, says OECD

Posted on 26 May 2011

Angel GurriaThe global economy is projected to expand by 4.2 per cent this year, but rising oil and commodity prices and European debt crisis could hurt the overall recovery, according to Paris-based think-tank OECD.
The expected growth of the world economy is much lower than the 4.9 per cent rate achieved in 2010.
In its semi-annual economic outlook released today, the Organisation for Economic Cooperation and Development (OECD) said the global recovery is becoming self-sustained and more broad-based……………………………………….Full Article: Source

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