PARIS (AP) - Economic recovery in the world's richest countries is accelerating thanks to a "substantial" rebound in world trade and fast growth in Asia.

That's what the Organization for Economic Cooperation and Development says. The OECD is raising its 2010 forecast for the developed world to 2.7 percent from 1.9 percent.

The Paris-based group representing 31 wealthy countries warns
however that Europe's continuing debt crisis remains a threat and
that the era of instability isn't over.

It said Wednesday that serious risks including Europe's sovereign debt crisis threaten the "relatively auspicious" economic environment.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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