OECD Cuts Global Growth Forecast as Emerging Markets Cool
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The Organization for Economic Cooperation and Development cut its global growth forecast as expansions in China and other emerging markets slow.
The world economy will expand 3.4 percent this year instead of the 3.6 percent predicted in November, the Paris-based organization said in a semi-annual report today. China will grow 7.4 percent, down from a previous projection of 8.2 percent.