OECD cuts growth forecasts for eurozone, US, Japan


PARIS: The OECD cut its growth forecasts for most major advanced economies on Monday, warning that weak activity in the eurozone was a major drag on the global outlook.

The OECD chopped by a third its 2014 eurozone growth forecast to 0.8%, trimmed its US forecast by a fifth to 2.1% and cut by a quarter its Japan forecast to 0.9%. – AFP

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