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Oecd: Euro Area May Be In 'persistent Stagnation Trap'

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http://www.bbc.co.uk/news/business-30193527

The euro area may be stuck in persistent stagnation, the Organisation for Economic Co-operation and Development has said.

Insufficient policy stimulus could be undermining potential growth, and risks deflation in the area, the market economy group said.

Meanwhile, Japan will grow less than previously expected over the next two years, it said.

More stimulants required. It's the modern economic fix.

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http://www.oecd.org/newsroom/stronger-policy-response-needed-to-avoid-risks-to-growth-especially-in-the-euro-area.htm

25/11/2014-Modest global economic forecasts, continuing high unemployment, and downshifts in potential output should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the Economic Outlook

The Economic Outlook draws attention to a global economy stuck in low gear, with growth in trade and investment under-performing historic averages and diverging demand patterns across countries and regions, both in advanced and emerging economies.

“We are far from being on the road to a healthy recovery. There is a growing risk of stagnation in the euro zone that could have impacts worldwide, while Japan has fallen into a technical recession,” OECD Secretary-General Angel Gurria said. “Furthermore, diverging monetary policies could lead to greater financial volatility for emerging economies, many of which have accumulated high levels of debt.”

Global GDP growth is projected to reach a 3.3% rate in 2014 before accelerating to 3.7% in 2015 and 3.9% in 2016, according to the Outlook. This pace is modest compared with the pre-crisis period and somewhat below the long-term average.

http://www.slideshare.net/oecdeconomy/putting-theeuroareaonaroadtorecovery?ref=http://www.oecd.org/economy/outlook/economicoutlook.htm

Presentation.

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I was just reading an article today about how Europe is basically legislating out all our advantage, leaving our industry trailing behind the US and Far East.The numbers are pretty shocking.

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