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News ECONOMY

  • Mar 12, 2013
  • OECD says growth outlook improving, led by U.S.

    The economic outlook in major industrialized economies is improving with the United States and Japan leading the way, the OECD said on Monday, adding that activity in the euro zone was also picking up.The figures come after news last week that the U.S. jobless rate had fallen to a four-year low, offering a bright signal on the health of the world's biggest economy.The Paris-based Organisation for Economic Cooperation and Development said its latest monthly leading indicator for the OECD as a whole - covering 33 countries - was at its highest level since June 2011.The composite leading indicator rose to 100.4 from 100.3 in December, which the think-tank said pointed to "firming growth".

    Source - http://www.reuters.com