Europe, Japan Economic Growth Forecast to Offset US Cooling


As the US econ­o­my cools, Europe and Japan are fore­cast to pick up the slack. The Orga­ni­za­tion for Eco­nom­ic Coop­er­a­tion and Devel­op­ment reduced its fore­cast for growth in America’s gross domes­tic prod­uct this year to 2.1 per­cent but pre­dicts next year’s growth should spring back to 2.5 per­cent. The strong US job growth is expect­ed to pro­vide the basis for a return to eco­nom­ic nor­mal­i­ty.