PARIS (AP) - There appears to be a disconnect between the recent surge in stock markets and the global economy's underlying strength, the Organization for Economic Cooperation and Development warned Tuesday.
Many indexes, particularly in the U.S., have rallied over the winter to hit record highs. The OECD noted, however, that expectations for company earnings in the U.S. and Europe have not been revised up on the whole. And growth in consumption and investment is still lagging.
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