PARIS: The Organisation for Economic Cooperation and Development (OECD) slashed its growth forecasts for major developed economies, urging much more aggressive European Central Bank (ECB) stimulus to ward off the risk of deflation in a subdued eurozone.
The call adds to growing pressure on the eurozone, and the ECB in particular, to boost growth ahead of a meeting of finance ministers and central bankers from the Group of 20 economic powers later this week in Australia.
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