U.K. economy will grow faster than expected, OECD says

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Source: WBP Online
Britain's economic expansion May's forecast revised up from 0.8% to 1.4% expected in November, while for the upcoming year the economy is estimated to grow by 2.4%, the OECD said on Tuesday. The Bank of England also increased its Q4 forecast to 0.9% growth and 2013 yearly based rate to 1.6% increase. At the same time the french organization lowered it forecast for global growth almost half percentage point to 2.7% in 2013 and 3.6% in next year.
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Tue, 19 Nov 2013 16:15:05 GMT

Euro slightly changed versus U.S. Dollar after OECD data

European currency depreciated 0.04% to 1.3499, after closing at 1.3504 on Monday, as investors where concerned about OECD revised global growth forecasts, which were downgraded almost half a percentage point to 2.7% for this year and 3.1% for 2014, while the Eurozone economy is expected to rise by 1% next year, compared to a May's estimate of 1.1%, the Paris-based

Tue, 19 Nov 2013 14:00:03 GMT

Aussie gains on weaker greenback before Fed minutes

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