OECD warns on global slowdown
The global economic recovery might be slowing faster than originally thought, the Organisation for Economic Co-operation and Development (OECD) cautioned on Thursday.
The OECD said it now expects annual growth in the second half of the year to be 1.5% for the G-7 economies, down from the 1.75% forecast in May.
The OECD viewed the loss of momentum as temporary and said, while uncertainty had increased, another downturn was unlikely. Anaemic consumer demand would likely be offset by robust
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