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International Economic Group Reduces Expectations for Growth

The Paris-based Organization for Economic Cooperation and Development has downgraded its forecast for world economic growth. The OECD noted that uncertainties like the migrant crisis and external security threats will drag down prospects. It called on wealthier nations to ease up on austerity measures and agree to spend more on infrastructure projects to aid recovery. The OECD released its forecast Thursday, saying it expects growth in the eurozone to be 1.4 percent for 2016 and 1.7...

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