OECD GDP 2013 forecasts

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  • Lowers World GDP to 3.4% from 4.2% in May
  • Cuts US   to 2.0% from 2.6%
  • Trims OECD area to 1.4% from 2.2%
  • Cuts Eurozone to -0.1% from +0.9%
  • Cuts Germany to 0.6% from 2.0%
  • Cuts France to 0.3% from 1.3%
  • Cuts China to 8.5% from 9.3%
  • Cuts Japan to 0.7% from 1.5%

OECD sees Eurozone crisis still the biggest threat to world economic outlook, and calls on ECB to cuts rates by 0.25%.

BOJ should increase  QE until inflation firms to +1%,  Japan’s economy’s strong enough to implement a sales tax hike in 2013. Spending cuts, revenue increases are vital to sustain confidence in Japan’s public finances



All|Economic Analysis|Europe|Regions

Global economy|OECD

Pete Jackson


  1. Pete, what would you see for this week about Yen, stronger or weaker, please?

  2. I’m still bullish for the usd/jpy, but let’s see what Bernanke says later Koorosh. Looks like there are some sizeable bids sitting just under 82.00, and we also may see some magnetism towards 82.25 and 82.00 which both hold large expiries today

  3. As I am concerned on GBPJPY are you bullish for this pair too?

  4. Read all about it!!!!! The Economist`s annual predictions are out soon for 2013…always a good read…go get it or put on your wish list for Xmas and get clued up ;)


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