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OECD warns of finance downside on growth

Report says that over-rapid expansion in credit can make economies more crisis-prone
Thursday, June 18, 2015 - 05:50
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(From left) French President Francois Hollande, Secretary General of the Organisation for Economic Co-operation and Development (OECD), Jose Angel Gurria and Dutch Prime Minister Mark Rutte attend the OECD Ministerial Council meeting at the OECD headquarters in Paris, France on June 3, 2015.

Tokyo

FINANCE and credit are essential for economic growth, but too much of it - provided through the wrong channels - can actually reduce growth and add to income inequalities, the Organisation for Economic Co-operation and Development said on Wednesday.

Its controversial report

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