Global economic watchdog warns on weak recovery as slashes forecast for US growth this year

June 3, 2015 8:31 AM

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PARIS – The world economy risks being bogged down in a low-growth spiral unless measures are taken to spur demand and incite businesses to boost their stubbornly sluggish investments.

That's the conclusion of the latest economic forecast from the Organization for Economic Cooperation and Development, the Paris-based body made up of 34 of the world's most developed countries.

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