OECD lowers euro zone forecasts, supports Eurobonds

Note: This section contains information in English only.
Source: Marketwatch
Today the Organization for Economic Cooperation and Development forecasted lower growth in the euro area and encouraged policymakers to consider the issuance of Eurobonds. The OECD's latest economic outlook predicts the Euro zone GPD to shrink by 0.1 percent in 2012 and expand by 0.9 percent in 2013. The organization said that fiscal consolidation and structural measures have to be focused on growth in the first place. The U.S. economy is expected to grow by 2.4 percent in 2012 and by 2.6 percent in 2013; Japan – by 2 percent and by 1.5 percent, respectively.

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