Growth in the G7 economies outside Japan appears to be stronger than previously projected, according to new analysis from the Organisation for Economic Co-operation and Development. OECD chief economist Pier Carlo Padoan said: "The outlook for growth today looks significantly better than it looked a few months back. "Growth perspectives are higher all across the OECD area, and the recovery is becoming self-sustained, which means there will be less need for fiscal or monetary policy support." The disaster in Japan following last month's earthquake and tsunami casts uncertainty over the near-term outlook, and it is still too early to determine the full cost to the economy, the OECD said. For this reason, the interim assessment contained no projections for Japan. Story provided by StockMarketWire.com
G7 economic outlook stronger than previously projected, says OECD
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