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Europe Daily Bulletin No. 8705

13 May 2004
Contents Publication in full By article 36 / 40
GENERAL NEWS / (eu) eu/oecd/economic perspectives
OECD calls for reduction in euro zone interest rate and measures to restore long-term viability of public finances- Stability Pact described as inadequate but with potential

Paris, 12/05/2004 (Agence Europe) - On the eve of the OECD ministerial conference, opening in Paris on Thursday, the Organisation published the preliminary draft version of its "economic perspectives no.75". It states that after a long period of weakness, company investment has started to take off once more, and that the world economy has registered sustained growth. Asia remains buoyant, and growth in the United States is "now higher on a long-term average". The report notes, however, that...

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