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.”

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.