OECD Brightens Its Prediction For G-7 Economies -- Minus Japan

PARIS -- The Organization for Economic Cooperation and Development says the outlook for economic growth in the United States and other major economies has brightened since its last reading, thanks to accelerating private investment and trade.

The Paris-based OECD says six major economies – also including Canada, Britain, Germany, France and Italy – are set to grow at an annual rate of about 3 percent in the first half of 2011, well above the organization's previous forecast.

In November, the OECD forecast the G-7 economies – which also include Japan – would grow at a 2 percent clip in 2011. The new forecast excludes Japan, as the OECD said it was too early to determine the full cost of damage from last month's earthquake, tsunami and nuclear disaster.

Comments

[AbstractImp]

09:24 PM on 04/05/2011

Time moves along.

Tepco took out Japan.

[MissingAmerica]

03:30 PM on 04/05/2011

My prayers continue to go out to the Japanese people. How sad that not only a great country has suffered so, but one of the most economically stable, financially intelligent countries, as well. I have a feeling, however, that they will find their natural disaster to be nearly as devastating to their country as our manmade political tragedy is to ours.

[fortressfountain]

02:48 PM on 04/05/2011

Nice system-if a stock underperforms they just drop it from the dow-why don't they drop the USA from the reports as we are so heavy in debt.

[OldTulsan]

11:18 AM on 04/05/2011

As an old-timer, I get asked by youngsters what occupations they should consider.

I reply that they should focus on occupations that require daily face-to-face contact, to avoid offshoring.

[Steve Rockett]

11:02 AM on 04/05/2011

Changes in American hiring can't happen soon enough. I propose that we who enter comments help eachother look for work. Tell us what kind of job you are looking for and let's see if we can help. We will also need to know where you reside. Let's join in and help. We can still complain and have fun in here, but this will be a way to turn our friends to positive outcomes and be supportive of one another. My first tip: Google the title of your job and see what comes back.