OECD warns of European recession
For the eurozone, the OECD’s predictions are -1% this quarter, and -0.4% next. The group also revised down its forecast for global economic growth to 3.8% this year and 3.4% next year. – BBC
From BBC News
EXCERPTS:
However it warned that a ‘negative event’ in the eurozone could cause a global contraction.
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