It added that monetary policy should be the primary tool to help the economy past short-term weakness. The Paris-based think tank forecasts Britain's economy will grow by 0.9pc this year after shrinking 0.1pc in 2012.
DEUTSCHE Bank has suspended five traders suspected of inappropriate conduct following an internal investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor).
Germany's flagship lender launched an internal investigation after regulators drew attention to potential involvement of Deutsche Bank staff in a global scam to manipulate benchmark inter-bank lending rates.
Mr Barroso will join the Taoiseach and Irish and international business leaders at the country's premier business event. Another high-profile speaker at the event will be Leif Johansson, chairman of Ericsson.
Time Warner up
TIME Warner reported fourth-quarter net income that beat estimates yesterday, while the media company raised its dividend and started a new stock repurchase programme, sending shares higher.
Oil dips to $95
THE price of oil fell to near $95 a barrel as a report suggested rising crude supplies in the US.
By yesterday afternoon in Europe, benchmark crude for March delivery was down $1.34 to $95.30 a barrel in trading on the New York Mercantile Exchange. The contract rose 47c to finish at $96.64 a barrel earlier.
BANKS may win a partial reprieve from EU proposals to parachute outside managers into lenders deemed at risk of failure.
Some EU nations are concerned that empowering regulators to send in these so-called special managers could "hasten the decline" of struggling banks.