Global Watchdog Nudges up World Economic Growth Forecast

March 18, 2015 10:08 AM

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A key international economic monitor has nudged up its forecast for global economic growth this year amid low interest rates, inflation and oil prices in some major countries.

The Organization of Economic Cooperation and Development, a grouping of the world's richest countries that acts like a think tank, says loose monetary policy has helped underpin growth but warns a total reliance on that tool could strain the financial system.

Also read: UK PM May's Conservatives on 46 percent, Labour on 34 percent ahead of election: Orb poll

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