The Organisation for EconomicCo-operation and Development hasdowngraded its global economic growthforecast for this year, from 3.3% to 3%.This means growth for the year will beunchanged from 2015 at the slowest pace inthe past five years. Growth is slipping in manyemerging economies, with some vulnerableto forex fluctuations amid high domestic debtlevels, particularly Brazil, Russia and Turkey.
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