A leading economic agency, the OECD has said it expects the eurozone to lag further behind the recovery taking place in the United States and Japan. The organisation says the 17 countries who use the euro will see their economy shrink by 0.6 percent this year. It urges the European Central Bank to do more to stimulate bank lending. But the report says that the overall growth is likely to strengthen gradually over the next 18 months.
News On AIR | May 29, 2013 6:01 PM
Economic agency OECD: Expects urozone to lag further behind recovery taking place in US, Japan