SUBSCRIBE TO OUR FREE NEWSLETTER
PUBLISHED |

OECD warns Australian economy of negative risk

OECD warns Australian economy of negative risk article image
The Organisation for Economic Cooperation and Development (OECD) has asked Australia not to underestimate negatives risks inherent in the global economy, despite the positive outlook experienced in our financial markets. Rising confidence and more favourable international trade conditions may lead to more buoyant demand that needs a more rapid rise in interest rates, according to its latest Economic Outlook. The report also states that risks also derive from the uneven pace of the global recovery and volatility in financial markets and "overheating in emerging market economies". "After weathering the crisis well in 2009, the Australian economy is projected to experience strong growth in 2010 and 2011, above its trend rate," the OECD says, predicting economic growth of 3.2 percent this year and 3.6 percent in 2011.

Tags

Leave A Comment

Spinning icon Saving your comment, please wait...
Spinning icon Saving your comment, please wait...