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It has been predicted that the US GDP will rise by 2.4 per cent and 2.3 per cent in the first and second quarters respectively.
Not only is this performance better than that set to be experienced by Japan, but activity in the three largest euro area countries - Italy, France and Germany - will not reach US levels.
Trading strategies may reflect the OECD report, with the Dow Jones and Nasdaq potentially proving attractive to investors.
"Although we are seeing some encouraging signs of stronger activity, the fragility of the recovery, a frail labour market and possible headwinds coming from financial markets underscore the need for caution in the removal of policy support," advised Pier Carlo Padoan, chief economist at the OECD.
The OECD interim assessment added that trading with China, Brazil and India - all major emerging economies - has benefited countries within the organisation.
Posted by Greg Secker
