OecdNewForecasts

The Organization for Economic Cooperation and Development cut its economic growth outlook for 2011, forecasting a "softspot" as governments withdraw stimulus packages. It now expects a 4.2% growth rate, compared with a previous forecast of 4.5%.

The Organization for Economic Cooperation and Development upped its estimate for second quarter economic growth among its 33 member nations on signs that investment rose. Gross domestic products in OECD countries increased by an average of 0.9% in the three months through June, the organization...

In its first detailed assessment of 2011, the International Energy Agency says that it expects world oil demand to rise 1.6% next year. The agency left its 2010 forecast largely unchanged.