In its latest snapshot on global performance the Organisation for Economic Cooperation and Development (OECD) raised its growth forecast for both 2018 and 2019 to 3.9% - the highest since 2011 - from a previous estimate of 3.6%.
The OECD blamed the UK's position on high inflation dampening consumer demand and continued uncertainty about Brexit.
French Connection shares up as losses narrow and takeover interest revealed
French Connection said it had received an unsolicited approach about a potential offer for the group from a third party in the US. The clothes seller closed 11 stores in the year to January, dragging down its retail sales 5.5pc to £83m.
The March update lifts the forecasts from the 2.8 per cent and 2.7 per cent predicted in November.
U.S. economic growth is tipped for a rise from 2017's 2.3% to 2.9% this year and 2.8% in 2019, on the back of tax cuts and spending increases under President Donald Trump. The figure for next year was also increased from 3.6 percent to 3.9 percent. In its quarterly report, the Paris-based research body said it expects growth to ease off in some of those economies this year, but not by as.
Newcastle amongst clutch of clubs chasing Ligue 1 goalkeeping prodigy
They face stiff competition, as Roma also want Lafont in Serie A, while overseas there is interest from Arsenal, Newcastle United , Watford and even Real Madrid.
The report forecast a gradual rise in price and wage inflation in major economies, accompanied by a "normalisation" of interest rates away from the near-zero lows they have maintained in many countries since the crash of 2008.
The OECD's acting chief economist said any trade war resulting from US President Donald Trump's planned import duties on steel and aluminium products, would prove "fairly damaging". "Safeguarding the rules-based global trading system is key".
Weather Authority: Cooler and breezy on Tuesday
Dry, breezy, and chilly again for Tuesday and Wednesday with highs in the upper 40's to around 50. THURSDAY: Partly cloudy skies and seasonably cool temperatures develop, with a high of 56 degrees.
"Governments should avoid escalation and rely on global solutions to resolve excess capacity in the global steel industry".