MTECHTIPS;-GLOBAL HAPPENINGS

MTECHTIPS;-GLOBAL HAPPENINGS

 The OECD warned on Wednesday that withdrawals by central banks from monetary-easing programs likely will cause spikes in government-bond yields, posing a risk to the outlook of the global economy . Exit from unconventional monetary policy, when needed, may be difficult to manage and less smooth than desirable, possibly leading to sharp rises in bond yields and serious negative consequences for growth in a number of advanced and emerging economies. OECD expects the US economy to grow 1.9% in 2013, down from an earlier estimate of 2.0%, and to grow 2.8% in 2014. Global gross domestic product is projected to rise 3.1% this year and 4% in 2014, down from 3.4% growth and 4.2% respectively.

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