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OECD trims global growth forecast, but sees recovery gaining momentum
OECD trims global growth forecast, but sees recovery gaining momentum

A leading international organization on Tuesday trimmed its forecast for global growth this year but said it expects the U.S. economy to rebound strongly after a winter slowdown and that the worldwide recovery finally was gaining momentum. In its closely followed semi-annual outlook, the Organization for Economic Cooperation and Development said world economic output would increase a combined 3.4% this year. The estimate was down from a 3.6% forecast in November. Growth will pick up to 3.9% in 2015, said the OECD, an organization of the world's 34 most advanced economies. Despite the slightly downgraded forecast, the report was largely positive. It emphasized that the recovery...

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