Economic performance is improving in most of the world’s leading economies but is still short of a self-sustaining upswing, the Organisation for Economic Cooperation and Development said on Wednesday.
In an update to its economic forecasts, the Paris-based international organisation representing advanced economies said that more private sector investment was needed for the expansion to endure, for wages to rise sustainably and for inequalities to be tackled.
Although all leading economies are now recording positive growth, Catherine Mann, the OECD’s chief economist, urged governments to “curb your enthusiasm [because] strong and sustained medium-term global growth is not yet secured”.
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