OECD expects growth boost from Trump infrastructure plans

Donald Trump
Markets took Donald Trump's victory as a broadly positive sign

Infrastructure spending plans mooted by US president-elect Donald Trump received a degree of support today (November 28) from the Organisation for Economic Cooperation and Development (OECD).

Presenting the organisation's latest economic outlook, OECD secretary-general Angel Gurría said the world now had the opportunity for "modestly higher growth", and that low rates gave fiscal policy-makers a "unique window of opportunity".

"Among the major advanced economies, activity is expected to accelera