Emerging economies holding back global growth

Emerging economies are expected to hold down global growth with their "sub-par" performance, the OECD forecast on Tuesday, warning that the risk of recent turmoil hitting developing markets could intensify. But advanced economies are expected to post strengthening growth, although at a slower pace in the first half of 2014 than in the second half of last year. "The pick-up in growth in major advanced economies has been reflected in an acceleration of world trade volumes, after an extended period of unusually sluggish growth," the organisation said. "This may signal a rebound in business investment, which has also been weak in recent years, as investment is relatively trade-intensive," it added.