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Friday, June 3, 2016

World Economy Risks Getting Caught In 'Low-Growth Trap'

By US News, June 01, 2016 

PARIS (AP) — The world economy risks getting caught in a "low-growth trap" if governments don't spend more on investments, open up to trade, and make reforms, a top economic forum warned Wednesday.

The Organisation for Economic Co-operation and Development said in a wide-ranging report that it is increasingly pessimistic about the global outlook and cut its growth forecasts.

Among the risks identified by the Paris-based economic agency, which represents the world's most developed economies, was a potential British exit from the European Union, volatility in financial markets, and Europe's inability to find a common response to its refugee flows.

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