Paris — The rebound in global growth is not yet secure, the OECD warned on Wednesday, with weak investment by businesses and slow growth in trade and wages raising doubts whether the current momentum will be sustained. The Organisation for Economic Co-operation and Development left its forecast for 3.6% global growth this year unchanged, while increasing its outlook for 2018 a tenth of a point to 3.7%. Growth this year was "higher than in 2016 but still below historical norms" said the OECD, which advises industrial nations on economic policy. "The upturn has become more synchronised across countries," it said, noting that investment, employment and trade are all expanding. The OECD raised its growth forecast for the eurozone this year by three tenths of a point to 2.1%. The outlook for Canada was raised by 0.4 percentage point to 3.2% and Japan by 0.2 percentage point to 1.6%. "However, strong and sustained medium-term global growth is not yet secured," the OECD warned. "The recove...
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