PARIS — The world economy will continue slowly expanding for the rest of the year, despite signs of relative weakness in China and other emerging markets, and an uneven recovery in Europe, the Organization for Economic Cooperation and Development said Tuesday.
The United States, Britain and Japan are growing “at encouraging rates,” while the euro zone emerged from six straight quarters of contraction in the April-June period, the organization said in a new forecast. Recent indicators from the major advanced economies, including increased business confidence and stronger industrial production, suggest the trend will “continue at the improved rate seen in the second quarter.”
The United States economy will probably grow at a 2.5 percent annualized rate in the third quarter and 2.7 percent in the fourth, the report said. The country’s economy grew at a 2.5 percent rate in the second quarter.
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