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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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