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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

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.


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