Recovery arriving quicker than expected but activity will remain weak, says OECD

Recovery from the global recession is likely to arrive earlier than had been expected a few months ago but the pace of activity will remain weak well into next year, according the OECD’s latest Interim Economic Assessment.

Governments will need to continue to stimulate their economies as rising unemployment and weak housing markets continue to dampen private demand. The current exceptionally low interest rates should remain in force for the time being, the assessment adds.

Full text here: http://www.oecd.org/document/25/0,3343,en_2649_34109_43605657_1_1_1_37443,00.html

Click here to access the OECD’s latest Interim Economic Assessment: http://www.oecd.org/dataoecd/10/32/43615812.pdf