Tuesday, April 21, 2015   

OECD cuts global growth outlook
(05-07 11:41)

The Organization for Economic Cooperation and Development is lowering the global growth outlook. The world economy is projected to grow 3.4 percent this year, down from the 3.6 percent estimate six months ago. It will accelerate to 3.9 percent in 2015.
The reason is slower growth from developing economies. The euro area is expected to pick up by 1.2 percent, higher than the 1 percent previously expected. Emerging market economies such as China and Russia may post less growth, with China’s likely to slow down to 7.4 percent this year. The OECD attributed the slower growth forecast to Beijing’s efforts to rein in shadow banking, overcapacity in certain industries and a cooling property market. --Xinhua   
Other World breaking news:
Italians haul in migrant boat survivors (1 min ago)
Europe plans to destroy migrant smuggler boats (3 mins ago)
The New York Times wins three Pulitzers, LA Times wins two (7 mins ago)
South Korean PM Lee quits under graft cloud (20 mins ago)
Italy-bound migrant boats death toll reaches 800, Tunisian and Syrian nabbed for smuggling racket (22 mins ago)
Gale force winds batter Sydney (24 mins ago)
Canberra to share jihadi intel with Teheran (04-20 13:58)
Bangladeshi claims migrant smugglers locked up 300 in cargo hold on boat to Italy (04-20 13:55)
Opposition wants tainted South Korean PM kicked out (04-20 13:45)
Country stars salute George Strait (04-20 13:10)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.