World economy is recovering faster than expected

The organization, headquartered in Paris, said that the recession this year in Japan and euro zone countries will be less pronounced than anticipated in June, while the prospects for the U.S. remained unchanged compared to June.

Presenting the forecast at a news conference in Paris, OECD Chief Economist and Jorge Elmeskov said improving financial conditions, the recovery of trade and reduction of inventories in the industry as factors that indicate faster economic oproavak in 30 member countries and
organization.

The recovery, however, is still on feet of clay, said Elmeskov.

"Recovery seems to be on hand for the economy, the OECD but it is important that it is not fascination," he said.

He stressed that the recovery will go smoothly and that there will be ups and downs. "No letters in our alphabet that describe the shape which provides for recovery," he said.

According to this latest OECD forecasts that the economy is expected in the Group of seven most developed industrial countries drops to 3.7 percent this year, compared with the decline of 4.1 percent is predicted in June.

Euro zone countries will, as is now expected to record economic decline of 3.9 percent this year compared to 4.8 percent as expected in June. Economy of Japan will fall to 5.6 percent this year pređenju with a previous prognosis of 6.8 percent.

For the U.S. economy is still expected to decrease by 2.8 percent, which remained unchanged compared to the June forecast.

Elmeskov said that the economic recovery and further threatened by high unemployment in 30 OECD countries. The organization expects to continue to be recorded growth in the number of unemployed.

French Finance Minister Christine Lagarde also said that we should be careful before the declaration of the end of the recession.

"We have not yet got out of the crisis. And we are still in deep crisis," Lagarde said.