The OECD cuts its prediction for global growth to 2.9% this year from a previous forecast of...

|By:, SA News Editor

The OECD cuts its prediction for global growth to 2.9% this year from a previous forecast of 3.4%. In its twice-yearly report, the organization says growth in 2013 will be 3.4% rather than 4.2%. The OECD also cuts its estimates for the U.S. and says the eurozone will shrink in 2012 and 2013 before recovering in 2014. (PR)