The World's economic growth will go forward in 2005 after a stagnation caused by high oil prices and the weak dollar, the Organization for Economic Co-operation and Development (OECD) said Tuesday.

The world will continue to benefit from a movement of a strong fund contributing to the revival, OECD chief economist Jean-Philippe Cotis said here at a news conference.

In an outlook report published twice a year, the OECD foresees economic growth of 2.9 percent in 2005 for its 30 industrialized member countries, and of 3.1 percent for 2006.

The growth deceleration was noted in China and Japan in 2004, while in North America, the pause was less evident but still tangible.

The OECD predicted that in response to robust global trade, thegross domestic product (GDP) in the euro area would rise from 1.8 percent this year to 1.9 percent in 2005 and 2.5 percent in 2006.

"But it remains to be seen whether Continental Europe will playa strong supportive role through a marked upswing of final domestic demand," the report said.

As to perturbation and slowing down factors like currencies andoil, Cotis said "Future oil prices will crucially depend on further progress in energy conservation in emerging economies as well as the United States."

Cotis also said that the depreciation of the dollar was inevitable due to a huge US current deficit.

"These current account deficits are not sustainable and a depreciation of the dollar was no doubt inevitable and it is now in the process of happening," he said.

Source: Xinhua