SUBSCRIBERS
Weak eurozone threatens global growth: OECD
Published Tue, Nov 25, 2014 · 09:50 PM
Paris
THE weak eurozone economy poses a key threat to global growth, the OECD warned on Tuesday, urging more flexibility in fiscal rules for struggling EU members like France and Italy to prevent another recession.
Forcing the two major European economies to meet the EU's tough deficit criteria "would likely depress activity further and even risk tipping the euro area into another recession", it said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations