The Traderszone Network

Published in TZ Latest News 15 September, 2014 by The TZ Newswire Staff

OECD slashes growth forecasts, urges aggressive ECB action

The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone. The call adds to growing pressure on the euro zone, and the European Central Bank in particular, to boost growth ahead of a meeting of finance ministers and central bankers from the Group of 20 economic powers later this week in Australia.

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