OECD: Euro area may be in ‘persistent stagnation trap’

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.

The US and the UK are expected to grow more strongly in comparison, it added.

Source: http://www.bbc.com/news/business-30193527

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