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World economy is accelerating, OECD says29-Nov-05 10:48:40Global economic growth has gained speed in the last few months, the Organisation for Economic Co-operation and Development said on Tuesday. In a twice-yearly report, the OECD forecast 2.9 percent growth in 2006 and 2007 after 2.7 percent this year across its 30 member countries as a whole, with the U.S. economy steaming ahead at 3.5 percent next year and 3.3 percent the year after, following 3.6 this year. Japanese growth is expected to ease off a bit to 2.0 percent next year and the year after, from 2.4 percent this year. The OECD predicted an acceleration in eurozone growth to 2.1 percent next year, after just 1.4 percent in 2005. The British economy is set to expand just 1.7 percent this year before growth picks up to 2.4 percent in 2006, the OECD said. Data sourced from Reuters: additional comment by NTC economists 29th November 2005
