FROM OTHER NEWS SITES
DAILY TELEGRAPH Barclays unveils £5.88bn of profits as bank caps bonuses - Fri, 10 Feb 2012 08:24:53 GMT
Barclays unveils £5.88bn of profits as bank caps bonuses - Fri, 10 Feb 2012 08:38:23 GMT
FINANCIAL TIMES Barclays to miss 2013 profit goal - Fri, 10 Feb 2012 00:07:16 GMT
Barclays to miss 2013 profit goal - Fri, 10 Feb 2012 08:37:55 GMT
BBC NEWS BBC News - Business - Fri, 10 Feb 2012 08:13:17 GMT
BBC News - Business - Fri, 10 Feb 2012 08:58:19 GMT
Poll
Current Issues
New Issue
Special supplement
Special supplement
Jobs
Jobs of the Week
Upcoming Events
NACFB: Maximise Your Membership Roadshow, Bristol
Recovery arriving quicker than expected but activity will remain weak, says OECD
Recovery from the global recession is likely to arrive earlier than had been expected a few months ago but the pace of activity will remain weak well into next year, according the OECD's latest Interim Economic Assessment.
Governments will need to continue to stimulate their economies as rising unemployment and weak housing markets continue to dampen private demand. The current exceptionally low interest rates should remain in force for the time being, the assessment adds.
The OECD forecasts economic growth across the Group of Seven countries to fall by 3.7% this year, a less brutal contraction than the 4.1% drop projected in June 2009. The latest GDP forecasts for this year provide slightly improved outlooks for Japan and the Euro area, an unchanged overall projection for the US but point to a gloomier situation in the UK.
