The world economy seems finally to be on the mend, with global economic growth forecast at 4.2 percent this year and 4.6 percent in 2012, according to the OECD’s latest Economic Outlook.
But there are still many risks to recovery and handling these successfully will require far-reaching structural reforms in national economies, says the OECD’s Chief Economist, Pier Carlo Padoan.
“There is a recovery under way, and it is becoming stronger and more broad-based,” Padoan told INSEAD Knowledge in an interview at the OECD Forum in Paris.
To read the full, original article click on this link: INSEAD Knowledge: OECD Economic Outlook 2011
Author: Nicholas Bray
