Think tank says 'no double dip'

The world economy is not heading for a double-dip recession, the Centre for Economics and Business Research (CEBR) has predicted. But the think tank has revised down its growth forecasts after downgrading its growth prospects for the US economy.

It now expects the world economy to grow by 3.5 percent this year, compared with a previous forecast of 3.7 percent.

Separately, the Organisation for Economic Co-operation and Development (OECD) also cut its US growth forecast.The OECD predicts the US economy will grow by 2.6 percent this year, having previously predicted expansion of 3.2 percent.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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