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OECD raised its forecasts for economic growth in the advanced economy but reiterated emerging economies, especially those in Asian regions, should expand faster. The organization anticipated the combined economy of its 30 member countries to grow +1.9% in 2010, more than doubling its projection of +0.7% in June. Specifically, the US is expected to grow +2.5% (June: +0.9%) 'on the back of policy stimulus, improving financial conditions, non-OECD demand growth, normalization of stock building and stabilization of the housing market'. US' unemployment rate may peak in the first half of 2010.
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