Unemployment is set to plunge to 40-year low,but economy remains feeble, says thinktankUnemployment will drop to its lowest level since 1980 across the worlds richest nations, and but global growth remains dependent on cheap borrowing and government spending,the Organisation for Economic Cooperation & Development (OECD) has warned in its latest global economy health check.
The rise of tit-for-tat protectionist trade barriers, the return of volatile financial markets, and soaring oil prices also spell trouble for the global economy as it heads towards the 10-year anniversary of the 2008 banking collapse,the OECD said.
Continue reading...
Source: theguardian.com