Strangely a lone voice amongst the large institutions lately
- OECD chief economist says Fed should not wait to hike rates
- pace of future hikes more important than timing
Somewhat tempered comment from the headline
- lowers 2015 global GDP outlook to 3% from 3.1% previously in June
- raises US 2015 GDP forecast to 2.4% vs 2.0% prev
- raises Eurozone 2015 forecast to 1.6% vs 1.5%
- cuts Japan 2015 forecast to 0.6% vs 0.7% prev
- cuts China's 2015 forecast to 6.7% vs 6.8% prev
OECD expressing concern over Asian markets
Full report here