Hopeful indications for Europe as US leading the way on growth

Led by firm US growth, the outlook is gradually improving for advanced economies while even crisis-weary Europe is at last joining the recovery, according to the OECD.

Nonetheless, a slowdown in many emerging economies meant that global growth would remainsluggish, the Organisation for Economic Co-operation and Development said.

“The bottom line is that advanced economies are growing more and emerging economies are growing less,” OECD chief economistPier Carlo Padoan told Reuters.