Monday, 26 March 2012

'Richest nations 'pulling out of economic slide..'

Investors_europe_coat_of_arms_ 'Developed nations are pulling out of the economic slide seen at the end of 2011, according to new data based on hundreds of millions of financial transactions.

Swift, which acts at the platform for more than 10,000 financial institutions and businesses in 210 countries, began producing forecasts for the 34 mainly Western members of the Paris-based OECD thinktank last year.

Its latest figures point to a recovery of the OECD economies in the first quarter of 2012, with 0.5 per cent growth pencilled in for the current quarter and a 0.6 per cent expansion predicted for the second quarter of 2012.

The organisation said: "This would indicate that after the slowdown of Q4 2011, there is moderate expansion taking place in the OECD countries."........'


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