PARIS: The global economy is slipping into a self-fulfilling “low-growth trap” where ultra-loose monetary policy risks doing more harm than good, the Organisation for Economic Cooperation and Development (OECD) warned.
In a highly critical editorial in the OECD’s latest economic outlook, rich world governments bear the brunt of the blame for failing to revive demand and failing to overhaul their economies in the wake of the financial crisis in 2008.
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