Brussels, 13/03/2007 (Agence Europe) - World growth was likely to re-balance in 2007, said Jean-Philippe Cotis, Chief Economist with the Organisation for Economic Cooperation and Development (OECD). He also warned American, European and Japanese central banks of hasty interest rates rises.
The downturn in the United States was likely to continue through the first quarter of 2007, with the OECD predicting growth of 0.5%, compared with 1.4% for the same period last year. This fall was largely...