Global economic prospects remain clouded in the near term, with emerging market economies losing steam, world trade slowing, and recovery in advanced economies hindered by persistently weak investment. This was stated by the Organisation for Economic Cooperation and Development, OECD , a Paris-based think-tank, in a report titled, "Going for Growth 2016." The OECD called for an urgent and comprehensive policy response, using all the monetary, fiscal and structural policy levers available to governments.On India, the OECD said the country needs to address a wide range of structural bottlenecks to sustain strong medium-term growth. The most binding bottlenecks include high labour informality, severe shortages in public infrastructure, and low educational attainment.
News On AIR | February 26, 2016 4:35 PM
Global growth prospects clouded, need coherent response: OECD