OECD latest international body to call out Canada on housing markets
Jun 08, 2017, 01:51
The forecast was raised from 3.3% predicted in November.
It its latest Economic Update report, entitled "Better, But Not Good Enough", the Paris-based think tank said it expects global GDP to grow at a 3.5% clip this year and at a 3.6% pace in 2018, thanks in part to stronger business and consumer confidence, recovering trade flows and improving unemployment dynamics.
Growth projections for the United Kingdom for this year and next was retained at 1.6 percent and 1 percent, respectively.
The OECD also said increased trade and investment flows had offset a weaker outlook in the USA, while German growth is helping to boost the eurozone economy, with 2017 growth forecasts at 1.8% for the latter and 2.1% for the former.
Russian Federation will also turn the corner reaching 1.5 per cent growth in 2017 and 2 per cent in 2018.
"It is a path toward normalization and is consistent with what the European Central Bank has been saying", said Catherine L. Mann, the OECD's chief economist, of its new advice.
"Given elevated uncertainties, policies should firmly focus on underpinning stability and making the economy resilient against shocks", the OECD said.
The OECD stressed the need for labor reform that will reduce the wage gap between regular and nonregular workers and remove "obstacles" to the employment of women by making childcare more affordable and promoting work-life balance.
But the OECD noted that external and internal risks such as the emergence of trade protectionism, diplomatic tensions with China and mounting household debt will likely weigh heavily on Asia's fourth-largest exports-oriented economy. In 2016, the global economy grew 3 percent.
Washing your hands in hot water may be utterly pointless as scientists say cold water is just as effective to kill germs. Raymond Pontzer, director of infection prevention for UPMC in Pittsburgh, who was not involved in the study .
I think that's probably because of the many weeks of waiting for the momma giraffe to have her baby earlier this year. The bee is limited to students in eighth grade or below, with contestants ranging in age from 6 to 15 years old.
We're yet to hear from Dixon, but Howard feels very bad about what happened and that his incident took out another vehicle . The red flag was waived bringing a temporary stop the race because of a hole made in the safety fencing.
His 384-foot drive was his third homer of the season - all three have been hit at Petco Park - and third grand slam of his career. Brett Gardner his 999th and 1,000th hits for the Yankees, who reopened a three-game lead in the AL East.
"They constantly break records - last year being 73-9 [a regular season record]; this year starting the playoffs 13-0". In Game 1 of the NBA Finals , Durant proved to his critics that he isn't riding anyone's coattails in this series.
Kazakh 27th seed Putintseva enjoyed her best Grand Slam performance in Paris previous year when she made the quarter-finals. The Serbian has already beaten the Argentine in the only match between them. "I think that she played her second match ".
Launching humans into space is a feat that so far only Russian Federation , the United States and China have achieved. The satellite GSAT-19, GSLV-Mk III delivers into orbit, weighs over 3 tons - a record for the Indian space industry.
Granit Xhaka and Danny Welbeck scored for Arsene Wenger's side, ending United's hopes of finishing in the Premier League top four. Manchester United boss Jose Mourinho lashed out at critics in his programme notes before the game with Crystal Palace on Sunday.
The president hailed Bob Dole, the former senator who suffered lifelong injuries in World War II and attended Monday's ceremony. Afterward, he visited a section of the cemetery where military members killed in the wars in Iraq and Afghanistan are buried.
Watch ICC Champions Trophy 2017 live on TV, online
Williamson and Taylor shared a 95-run partnership for the third wicket and were on the brink of taking control of the game. They could not play the full 50 overs as they were all out in 49.3 overs but by then, they have already scored 310 runs.
New smart speaker expected as Apple kicks off conference
It seems like the answer lies in AirPlay, that open standard Apple has been using for ages to tether devices together. So far, the service has limited payments to purchases of products and services from companies and other organizations.
Thad Matta stepping down at Ohio State after 13 years
"I felt confident after the season once Thad and I sat down we had a good plan going into the summer", Smith said. Matta said his chronic pain wore on him through the years and his focus now is on getting healthy.
Trump says pulling out of Paris climate accord best for US
India would continue to reduce its carbon intensity, or CO2 output per unit of economic activity, in line with historic levels. The organization's main Twitter page quoted Secretary-General Antonio Guterres as saying, "Climate change is undeniable".
White House communications director Mike Dubke quits
The spokesman also said that Trump was frustrated by the "perpetuation of false narratives" based on unnamed sources. But Dubke, during his short stint in the White House was so behind-the-scenes as to seem totally nonexistent.
Officer who shot Tamir Rice fired in unrelated matter
Rice had been playing with what looked like a gun in a park near his home when someone called 911 to report him. Frank Garmback, the officer with Loehmann on that day, will start his 10-day suspension on Wednesday.
No surprise: It's Cavs-Warriors in the NBA Finals, again
Cavaliers: James has scored 30 or more points in 11 of Cleveland's 13 games this postseason. "So I didn't think I could be Mike". They get to enjoy sitting back for a bit and watching who comes to the table when the Celtics-Cavaliers series comes to an end.