Growth in the world’s largest economies is likely to be slower in 2011 than this year but should pick up again by 2012, the Organisation for Economic Co-operation and Development said in its latest forecast.
It said gross domestic product growth in the 33 membercountrieswaslikely to slow to 2.3 per cent in 2011 from 2.8 per cent this year, before recovering in 2012. Within the eurozone, GDP is likely to hold steady next year after expanding 1.7 per cent in 2010.
Globally, growth was forecast at 4.25 per cent in 2011 and 4.5 per cent in 2012.
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