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OECD: Emerging Economies Holding Back Global Recovery

The recovery in developed economies is on track although slowing activity in big emerging markets means global growth will be only moderate at best in the near term, the Paris-based Organization for Economic Cooperation and Development said on Tuesday. Exceptionally bad winter weather in North America and a sales tax hike in Japan are also disrupting the pace of recovery, according to OECD said. Against that backdrop, the OECD urged the European Central Bank and the Bank of Japan to...

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