Organisation for Economic Co-operation and Development (OECD) published a report according to which, in the past quarter GDP growth of economically developed countries has accelerated to 0.5%, which is 0.1% better than the previous figure. In the first quarter the increase was 0.3%. The greatest growth among G-7 countries was in the US and the UK - 0.9% and 0.7% respectively. Japan's GDP fell by 0.4% and in Italy by 0.1%. We see that the growth remains uneven, and in the last quarter OECD economies slowed growth compared to the same period last year to 1.7% against 1.9% in the previous quarter. Given these factors, we expect the decline in world stock markets, which can begin after Christmas.