Stock Market

World economic grouping OECD said on Friday the global economy had come out of "free fall", offering hope of incipient recovery late this year to investors unnerved by rising US government debt. Organisation for Economic Co-operation and Development (OECD) head Angel Gurria, moving to dispel such uncertainty, spoke of a need for ratings agencies, widely criticised for their failure to predict approaching world crisis, to "recover their prestige and credibility".