Tuesday, May 22, 2012

OECD Lowers Economic Growth Forecast For Eurozone

OECD forecasts negative growth for the eurozone in 2012, and lowered its 2013 forecast to less than 1% growth.  It raised a concern about a number of factors that could set the eurozone on a negative economic spiral that would be difficult to arrest.  It also indicated that slow growth in Europe would affect the global economy.

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