OECD says China's fiscal stimulus not sustainable in the long term

OECD out with their latest set of forecasts

• raises China 2015 GDP to 6.8% vs 6.7% prev, 2016 unchanged at 6.5%
• global growth rising to 3.6% in 2017
• cuts global growth outlook to 2.9% for 2015 vs 3.0% prev and 3.3% in 2016 vs 3.6% prev
• confirms US 2015 GDP of 2,4%, cuts 2016 forecast to 2.5% vs 2.6% prev
• cuts Eurozone 2015 GDP to 1.5% vs 1.6% prev, 2016 down to 1.8% vs 1.9%
• UK 2015 GDP forecast +2.4%, 2016 2.4%, 2017 2.3%
• says UK should raise interest rates in Q1 2016

Full OECD report here