Monday, December 22, 2014   

OECD cuts global growth outlook
(05-07 11:41)

The Organization for Economic Cooperation and Development is lowering the global growth outlook. The world economy is projected to grow 3.4 percent this year, down from the 3.6 percent estimate six months ago. It will accelerate to 3.9 percent in 2015.
The reason is slower growth from developing economies. The euro area is expected to pick up by 1.2 percent, higher than the 1 percent previously expected. Emerging market economies such as China and Russia may post less growth, with China’s likely to slow down to 7.4 percent this year. The OECD attributed the slower growth forecast to Beijing’s efforts to rein in shadow banking, overcapacity in certain industries and a cooling property market. --Xinhua   
Other World breaking news:
US mulls putting NKorea on terrorism sponsor list (12-22 12:24)
Obama says Sony hack was not 'an act of war' (12-22 11:13)
Australian PM denies government in crisis (12-22 10:58)
US officers shoot Canadian man on border bridge (12-22 10:56)
Malaysia charges Australian mum with drug trafficking (12-19 13:10)
Up to 11 dead in Japan snow storms: reports (12-19 12:47)
Japanese scientist resigns over stem cell scandal (12-19 12:36)
SKorea far-left party dissolved for 'backing NKorea' (12-19 11:20)
11th Sierra Leonean doctor dies from Ebola (12-18 18:30)
SKorean group cancels plans for border tree (12-18 17:57)

More breaking news >>

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