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    OECD warns leader must act to avoid recession

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    euronews (in English)

    by euronews (in English)

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    The Organisation for Economic Cooperation and Development is forecasting a sharp slowdown next year for the euro zone. Its downbeat outlook came just days before a summit of leaders of the G20 world's largest economies. The OECD warned if those leaders fail to restore confidence in battered state finances it could lead to a major contraction in developed countries. ... http://www.euronews.net/