Categorized | General Interest

B- For The World Economy

I’d say this grading on the curve and it’s still only a B- for the performance of the global economy.

The OECD is handing out the grades:

“Global growth is improving, but it’s not good enough,” Catherine L. Mann, the organization’s chief economist, said in a conference call held before the release of the forecast by the O.E.C.D., the research and policy organization of the world’s richest countries. “It’s a B-minus performance.”

The slow growth has had harmful consequences, Ms. Mann said, contributing to weak labor markets and rising inequality in many countries.

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