OECD Cuts Growth Forecasts as Currency Volatility Bites: Chart
Pedestrians cross a road in the central business district of Hong Kong.
Photographer: Jerome Favre/BloombergThis article is for subscribers only.
The OECD sees the global economic recovery stalling at 3 percent growth this year -- 0.3 percentage points less than previously expected and at the slackest pace since 2010. With the U.S. and Germany slowing, advanced economies are struggling to compensate for reduced demand from emerging markets from China to Brazil. The Paris-based organization warns of "substantial" financial stability risks and exchange-rate volatility.