OECD lowers growth forecasts

Thursday 09 November 1995 00:02 GMT

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OECD lowers growth forecasts

The OECD said it was lowering growth forecasts for its 25 member countries this year from 2.7 per cent to 2.25 per cent. But it said growth was likely to recover in 1996 and beyond. Other bodies such as the IMF have already revised down their growth estimates for most industrial countries.

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