OECD upbeat on prospects for world economy

The Organisation for Economic Co-operation and Development said on Friday 5 March that US economic prospects continue to improve, along with those of all major industrialised economies of the world except Italy.

"Moderate to strong recovery lies ahead in the OECD area," the Paris-based OECD said in a statement on its January leading indicator, a sort of advance warning gauge compiled monthly.

"January data signal continued improved development in Canada, France and the United Kingdom but weaker

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