Is the 2008 financial crisis over? Economic growth in the G7 countries is expected to be firmer through the first half of 2012, but the recovery remains fragile in Europe, particularly Germany, Italy and France for instance, and volatile in Japan. GDP will pick stronger in North America, as consumer confidence and bank lending strengthens in the United States. Unemployment would remain high in Europe, the OECD said in its latest Interim Economic Assessment. Rising oil prices added to the risks to recovery.
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Edited: 19/02/2021
