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Image header Agence Europe
Europe Daily Bulletin No. 11285
Contents Publication in full By article 34 / 38
BUSINESS NEWS NO 141 / (ae) economy

OECD raises euro-zone growth forecasts. - The OECD has revised its growth forecasts for the eurozone upwards compared to its previous forecasts made last November. Falling oil prices, a fall in the value of the euro against the dollar and low interest rates have seen the OECD predict, in its latest Interim Economic Assessment on 18 March, growth of 1.4% in 2015 and 2% in 2016. This is the equivalent of 0.3 points more in both than four months ago. In the rest of the world, forecasts were also raised for India (7.7% in 2015 and 8.0% in 2016) and for Japan (1% in 2015 and 1.4% in 2016). On the other hand, the OECD has maintained its forecasts for the US (3.1% to 2015 and 3% to 2016) and China (7.0% in 2015 and 2016). As for Brazil, after the OECD last November forecast growth of 1.5% for 2015 and 2.0% for 2016, it is now forecasting a 0.5% recession in 2015 and growth of just 1.2% in 2016. (Isabelle Lamberty)

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ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION
BUSINESS NEWS NO 141
WEEKLY SUPPLEMENT