The OECD are releasing more parts of their global economic forecasts. They lowered global growth and adjusted various countries back in the early part of November and now follow it up with some comments.
- Urges RBA to raise rates in Q2 2015 to curb the housing boom
- Agrees that slower French deficit cuts makes sense amid stalling growth
- Says ECB should add stimulus to counter deflation risk
- Sees large downside risks to EU forecasts
- Germany should raise spending to boost growth
- Japan needs credible fiscal consolidation plan and structural reforms, delays could hurt investor confidence
- BOJ expansion was needed but still unlikely to meet inflation target next year
They’ve also added 2016 forecasts and I’ll pop a list up shortly
