OECD economic growth records 0.5% in the Q3

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Source: RTT News
Economic growth in the Organization for Economic Co-operation and development area grew 0.5% on a sequential basis in the three months to September, the same pace of growth seen in the Q2, a report published by the organization showed on Wednesday. Year-on-year, OECD's GDP rose by 1.4% in the Q3 from a level of 1% in the Q2.

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Wed, 20 Nov 2013 09:39:32 GMT

Pound rises versus U.S. Dollar before BoE minutes

The British Sterling appreciated on Wednesday rising to the strongest level in three weeks against the U.S. Dollar before the minutes of Bank of England was published showing that the bank's officials maintained the interest rate at record low. The Pound advanced 0.1% to $1.6134 as of 8:02 a.m. in London following an increase to $1.6149 on November 18, the

Wed, 20 Nov 2013 10:01:04 GMT

OECD downgrades global growth outlook amid emerging markets

The performance of global economy is likely to slow down, according to a report published by the Organization for Economic Co-operation and Development, as decline in emerging markets weakening the global growth outlook. The world economy is set to expand 2.7% in 2013 compared to an originally expected level of 3.1% projected in May.

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