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Global economy in danger of stalling: OECD

Economic recovery from 2008 financial crisis has been weak; public and private investments have been tepid, and productivity growth, disappointing

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The unusually high temperatures in the Northern Hemisphere last quarter damped oil demand in OECD nations, affecting gasoil consumption the most, the International Energy Agency said.

Tokyo

IN a sobering assessment of near-term international economic prospects, the Organisation for Economic Co-operation and Development (OECD) on Wednesday gave the global economy only a B-minus grade for its performance, and said a failing grade was possible.

The warning from the

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