29 Mar 2013

OECD predicting stronger G7 growth

10:18 pm on 29 March 2013

The world's biggest economies are slowly recovering from a 2012 slowdown, the Organisation for Economic Development and Cooperation OECD said in a near-term of assessment of G7 nations on Thursday.

Japan and the United States are leading the way, ahead of a struggling two-speed eurozone.

The OECD says emerging economies were tipped to remain by far the strongest growth performers with China expected to expand by well more than 8% in the first half of 2013, AFP reports.

The OECD forecast the full Group of Seven (G7) most industrialised economies, which does not include China, will grow by 2.4% in the first quarter of this year on an annualised basis and by 1.8% in the second.