Gloomy outlook on global economy as OECD slashes 2015 growth forecast

The Organisation for Economic Cooperation and Development (OECD) has slashed its 2015 global growth forecast from 4 percent to 3.1 percent. It has also reduced its 2016 outlook, cutting it from 4.3 percent to 3.8 percent. OECD Secretary General Angel Gurria said: "The global recovery continues, but it is still mired by high levels of unemployment, rising inequalities and low wage and low productivity growth." "A major explanation for this state of affairs is the lack of vigour of investment,"… READ MORE : http://www.euronews.com/2015/06/03/gloomy-outlook-on-global-economy-as-oecd-slashes-2015-growth-forecast euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.