OECD revises growth predictions upwards. - The Organisation for Economic Development and Cooperation (OECD) says in its latest Interim Economic Assessment that economic recovery is likely to arrive earlier than expected but the pace of recovery is expected to be “modest” and the threat of further downturn cannot be fully ruled out. Noting “mostly favourable” news on the economic front, the organisation has raised several of it growth forecasts for 2009, including those for Japan...