//
It released its annual forecast on Wednesday (May 25th), showing that people investing in stock should see a moderate recovery led by Germany and several other nations.
However, the same cannot be said of every country in the eurozone bloc, with Greece, Spain, Portugal and Ireland poised to have a more difficult time.
It went on to note that energy costs will have a significant effect, but not enough to push the recovery off track.
The Wall Street Journal quoted the report as explaining: "Inflation is likely to pick up only slowly and the large degree of remaining slack suggests that the energy price increases will not trigger pronounced second-round effects."
Meanwhile, the UK was commended for its deficit reduction plan, which the OECD estimates will eliminate the budget gap over the next five years.
Posted by Greg Secker
