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OECD Reduces Global Growth Projections For 2015
Tuesday, Sep. 16, 2014 - The Organization for Economic Cooperation and Development trimmed its growth forecasts in the face of increasing geopolitical risks and subdued European inflation. Euro-area gross domestic product is now expected to expand 0.8 percent this year, down from 1.2 percent in May, while the U.S. will expand 2.1 percent instead of 2.6 percent.