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Recovery on track, risks remain

Recovery on track, risks remain
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First Published: Thu, May 26 2011. 01 06 AM IST
Updated: Thu, May 26 2011. 01 06 AM IST
Global economic recovery is on track, helped by a stronger US economy, but threats ranging from high oil prices to European sovereign debt crises could yet combine to create a bout of stagflation, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday. In its twice-yearly economic outlook, the body forecast world growth would ease to 4.2% this year from 4.9% in 2010 before accelerating to 4.6% in 2012. OECD also cited a slow recovery in Japan as a possible threat to its economic partners, especially if global supply chains remain disrupted as a result.
Also See | Recovery On Track, Risks Remain (PDF)
Graphic by Sandeep Bhatnagar/Mint
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First Published: Thu, May 26 2011. 01 06 AM IST