The Organization for Economic Cooperation and Developmentforecasts global economic growth will accelerate in 2014, with boththe U.S. and Japan continuing to outpace the euro area.

“The global economy is moving forward and it is doing so atmultiple speeds,” OECD Chief Economist Pier Carlo Padoan said inthe Paris-based organization's semi-annual Economic Outlook.Differing monetary and fiscal choices across the major developedeconomies are driving regional divergence with “each path carryingits own mix of risks,” he said.

Global central banks are continuing to try to bolster theireconomies, with the Federal Reserve buying $85 billion of debt amonth and the Bank of Japan unveiling unprecedented stimulus lastmonth. In the euro region, where the European Central Bank cut itsbenchmark rate to a record low this month, the OECD said, “more canbe done through further non-conventional measures.”

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