Growth slowing, eurozone action key to recovery: OECD...
World BusinessNov 1, 2011
PARIS (AFP) ― The world’s top economies are slowing with the eurozone set to shrink briefly, and rapid action by EU leaders to enact promised rescue measures is key to global recovery, the OECD said on Monday.Days before a summit of G20 leading nations in Cannes, southern France, amid a threat of recession in some countries, the OECD called on leaders to act fast and hard to keep promises and also to boost growth.It also pressed the European Central Bank to ease its base interest rate.“Much of t