OECD slashes global growth forecasts

The debt crisis in the recession hit euro zone is the biggest threat to the global economy, according to the Organisation for Economic Cooperation and Development.

As a result the OECD has slashed global growth forecasts.

The think-tank urged central banks to prepare for monetary easing if the politicians fail to find a way out of the financial mire.

...
http://www.euronews.net/