OECD says global recovery gathering speed

Global economic growth is poised to gain momentum, the Organization for Economic Cooperation and Development has said.

"The global recovery has been marking time, as the adverse effects of higher and more volatile oil prices worked their way through," OECD Chief Economist Jean-Philippe Cotis said in a text posted on its website.

The US Federal Reserve's "gradual tightening" of monetary policy and the "accommodative" policies in the eurozone and Japan are appropriate, he said.

"We feel ...

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