The influential Paris-based think tank, Organization for Economic Cooperation and Development (OECD) expects a global economic slowdown in 2013. Organization requested, central banks of economic heavyweights (Euro zone, US, Japan, India and China) to provide further stimulus to their economies.
The world economy is expected to make a hesitant and uneven recovery over the next 2 years. warned that growing popular frustration with austerity and its consequences could also prove fatal.
Long-term shift in the composition