OECD downgrades global growth outlook amid emerging markets

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Source: RTT News
The performance of global economy is likely to slow down, according to a report published by the Organization for Economic Co-operation and Development, as decline in emerging markets weakening the global growth outlook. The world economy is set to expand 2.7% in 2013 compared to an originally expected level of 3.1% projected in May.

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Wed, 20 Nov 2013 09:39:32 GMT

Pound rises versus U.S. Dollar before BoE minutes

The British Sterling appreciated on Wednesday rising to the strongest level in three weeks against the U.S. Dollar before the minutes of Bank of England was published showing that the bank's officials maintained the interest rate at record low. The Pound advanced 0.1% to $1.6134 as of 8:02 a.m. in London following an increase to $1.6149 on November 18, the

Wed, 20 Nov 2013 09:50:05 GMT

German producer price index slips 3rd consecutive month

Producer prices in the Europe's largest economy dropped for the third successive month in October with the rate of growth exceeding forecast, the latest data released by the Federal Statistical Office showed on Wednesday. German industrial producer price index slipped 0.7% year-on-year in October after it fell 0.5% in the month before.

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