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Europe Daily Bulletin No. 8954

26 May 2005
Contents Publication in full By article 20 / 31
GENERAL NEWS / (eu) eu/oecd
OECD underlines sluggish growth in euro zone and calls for lower interest rates

Brussels, 25/05/2005 (Agence Europe) - On Wednesday the Organisation for Economic Cooperation and Development (OECD) revised its forecasts for the euro zone in 2005 to 1.2% as opposed to the 1.9% last autumn. The scenario for recovery as previously thought has not materialised throughout the OECD zone and if economic prospects appear “solid in Asia” and a return to trends experienced in the USA but are still “weak and uncertain in Europe”. In the USA, prospects for growth have been...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS