The OECD, a think tank for the world's most developed countries, cut
In its half-yearly economic outlook, the OECD also cut its 2014 forecast for
The OECD warned that "financial tensions in emerging markets are one risk that could blow the global recovery off course," while falling inflation in the euro area was another cause for concern.
The body urged central banks in the main OECD areas to keep monetary policy "accommodative," given stubbornly high unemployment, below-target inflation and high levels of government debt.
In particular it called on the
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