After a drawn-out period of fits andstarts, a palpable recovery has finally taken hold across membernations of the Organization of Economic Cooperation and Development(OECD). “The strong momentum..
After a drawn-out period of fits and
starts, a palpable recovery has finally taken hold across member
nations of the Organization of Economic Cooperation and Development
(OECD). “The strong momentum already achieved in Asia, North
America and the UK provides ample evidence of the renewed strength
of the world economy. Despite lingering domestic weaknesses,
continental Europe is also on its way to join the recovery,”
according to an outlook from OECD.
The upturn stems from a variety of
factors. Since spring 2003, the geopolitical environment has
steadied, allowing oil prices to stabilize and confidence to
strengthen. In the US, past excesses in business investment ha
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