Organisation for Economic Co-operation and Development (OECD) has warned the euro zone to be more attention to their economic recovery and also the Euro exchange rate, since the debt crisis that hit Europe could threaten the economic recovery of the region. According to predictions, the European economy will register 1.2% growth this year. While the OECD forecasts growth in Europe will only reach 0.9%.
According to
Germany, the disbursement of funds amounting to hundreds of billions of Euros to the bailout crisis, the Greek is a difficult step for all members if it is not able to manage finances effectively. While according to the OECD, will be more effective if carried out for closer scrutiny of each country and provide financial sanctions for countries that do not pay their loans on time. OECD members are predicted to experience economic growth of 2.7% this year and 2.8% in 2011. Economic growth is predicted to reach 1.2% this year and 2.5% next year is still far better than other developed economies, except
China and
India. The OECD also suggested the Bank of England to raise interest rates to 3.5% in the previous year end 2011 from just 0.5%.
Posts
0 komentar
Post a Comment