PARIS Jesper Bratt Devils Jersey , March 18 (Xinhua) -- In a regular assessment of global economy, the Organization for Economic Cooperation and Development (OECD) on Wednesday saw improved growth prospects in major advanced economies thanks to low inflation and easy monetary policy.
"Low oil prices and monetary easing are boosting growth in the world's major economies," the OECD noted.
In the world's leading power, strong domestic demand combined with dollar appreciation, helped to bolster the American economic activities, the Paris-based think tank confirming its previous estimate of 3.1 percent this year and 3.0 percent in 2016.
Hailing "courageous decisions" of the European Central Bank to tackle deflation risks Miles Wood Devils Jersey , the OECD raised its growth forecast in the eurozone by 0.3 percentage points for each year to stand at 1.4 percent in 2015 and 2 percent a year after.
"The euro area should benefit from low oil prices, monetary stimulus and euro depreciation, which combine to offer the chance to escape from stagnation," it said.
In the single-currency bloc, the organization predicted improved growth but with different speeds. In Germany, the eurozone's main powerhouse Brian Gibbons Devils Jersey , the OECD raised its forecast by 0.6 percentage points to 1.7 percent this year and 0.4 percentage points to 2.2 percent in 2016.
Looking to French economy, it revised up growth estimation to 1.1 percent in 2015 against a previous estimate of 0.8 percent. Next year, the growth rate is set at 1.7 percent in line with government's targets.
According to the OECD's latest Interim Economic Assessment, Japan's growth is expected to increase by 1.0 percent this year and 1.4 percent next year, up 0.2 points and 0.4 percent respectively as "monetary and fiscal stimulus provide the impetus for faster near-term growth, but longer-term challenges remain."
As to China Pavel Zacha Devils Jersey , it lowered its forecast by 0.1 percentage point to 7.0 percent this year.
"Lower oil prices and widespread monetary easing have brought the world economy to a turning point, with the potential for the acceleration of growth that has been needed in many countries," said OECD Chief Economist Catherine L. Mann.
"There is no room for complacency, however, as excessive reliance on monetary policy alone is building-up financial risks, while not yet reviving business investment Cory Schneider Devils Jersey ," she added, recommending a more balanced policy approach that allows a full use of fiscal and structural reforms "to ensure sustainable growth and public finances over the longer term."
Visit the Pelion Peninsula, and you?ll be able to enjoy some of the very best walking in Greece. Learn more about the regional highlights.
The Greek Islands and the classical sights of Greece are massively popular holiday choices, attracting hundreds of thousands of visitors from all over Europe every year. But if you d like a taste of the authentic Greek life away from the tourist crowds, head to the Pelion Peninsula. Located north east of Athens, this is one of the most unspoilt parts of the country Kyle Palmieri Devils Jersey , and offers some of the very best opportunities for walking in Greece. It has long been popular with Greeks as a holiday destination, but relatively few foreign visitors have discovered the delights of the Peninsula, making it the perfect place to go if you want to see something a little different.
It is a mountainous region, crisscrossed with ancient cobbled mule paths. The principal mountain, Mount Pelion, is an important site in Greek Mythology Drew Stafford Devils Jersey , with legend having it as being the site of many disputes between the gods and a common visiting point for the Greek heroes. The mountains of the Pelion Peninsula have numerous excellent walking paths running through them (most of them following the old mule tracks) that are suitable for all ability levels, and you could spend weeks walking here and still not have explored a fraction of the trekking that is to be found here.
One of the main attractions of walking in the Peninsula are the numerous villages that are dotted throughout the mountains. These small, picturesque mountain villages maintain their traditional ways of life, untouched by the effects of mass tourism, and many of them offer breathtaking views out across the mountains and the sea ? and some great traditional tavernas to enjoy a hearty Greek feast! If you want to experience the local culture whilst walking in Greece, it is worth aiming to time your visit with one of the local village festivals Adam Henrique Devils Jersey , as these are usually spectacular events with lots of colour, vibrancy and atmosphere.
There is however more to the Pelion Peninsula than the mountains and villages. The coast is never far away on this narrow peninsula, and it is home to numerous excellent resorts and outstanding white sand beaches. Most people choose to stay on the coast during their visits to here, allowing them to unwind with a gentle swim after a day spent enjoying some of the best walking in Greece.
Whilst there is plenty to keep you occupied in the area, owing to its central location, there are also plenty of opportunities for onward travel from the Pelion Peninsula. The major Greek cities of Athens and Thessaloniki are not far away John Moore Devils Jersey , and there is also the chance to explore the nearby Sporades Islands. These include the stunning island of Skopelos, now famous as the filming location for the smash hit Mamma Mia!
It is this combination of mountain and sea, the peaceful seclusion of the inland villages and the vibrant excitement of the coastline, that make the Pelion Peninsula a truly unforgettable place to go walking in Greece. For a destination that combines natural scenery, superb walking and unspoilt local character, it really takes some beating!
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