US and Japan drive recovery, OECD says eurozone needs rate cut to boost growth

PARIS: The United States and Japan are leading a rebound in advanced economies while the still fragile eurozone needs an interest rate cut to ensure a recovery takes hold, according to the Organisation for Economic Co-operation and Development (OECD).

The outlook had finally strengthened for the Group of Seven economies, though it was still too soon for governments and central banks to drop exceptional measures to prop up growth, the OECD said.