MORE WORLD NEWS

13 school children die in train-bus crash in India
China lifts quarantine after man dies of plague
Philippines deports Australian Islamic preacher
China factory index at 18-month high in July
UN aid chief says Gaza ceasefire is vital
South Korea's growth slows on weak consumption
Venezuelan network Telesur expands into English
Argentina president says country will not default
Patriotic parade at big Peru psychiatric hospital
Cuba, US begin 5-game exhibition baseball series
New Zealand raises interest rate to 3.5 percent
Austria: Israeli club's match disrupted by protest
Puerto Rico to pay for chikungunya virus testing
Jamaica police arrest 41 suspected scammers
Quebec police try to prevent auction of locomotive
UN chief 'alarmed' at rockets put at UN Gaza site
Canadian man faces terror charge
Jailed Venezuelan opposition leader goes on trial
Central African Republic's rebels sign cease-fire
Bloomberg lands in Israel in show of support
Sierra Leone doctor fighting Ebola catches disease
Thousands attend tense pro-Gaza march in Paris
Police officer sentenced to death for killing AP photographer
Chinese leader signs accords, wraps up Cuba visit
2 bombs kill at least 25 in Kaduna, north Nigeria
Envoy urges UN to demand halt to Iraq extremists
Gaza battle rages as US pushes for truce
Iraq lawmakers postpone vote on new president
Investigators work without full access to crash site
Rebels confirm downing of two Ukrainian fighter jets



World News
News from the region's first prime-time newscast. You'll find it First On Fox!


WORLD ECONOMY
OECD says global economy will grow more slowly than expected after cutting US, China forecasts

Reported by: Associated Press
Reported: Tuesday, May 6, 2014 5:00 AM EDT
PARIS


A leading international organization is warning that the global economy will grow by less than expected this year after it cut forecasts for the United States and China.

The Paris-based Organization for Economic Cooperation and Development said Tuesday that the global economy will grow by 3.4 percent this year, down from its forecast of 3.6 percent growth last November.

The OECD, a think tank for the world's most developed countries, blamed slower growth in large developing economies like China for the downgrade.

It cut China's growth forecast this year to 7.4 percent from 8.2 percent in November. Meanwhile, the U.S. economy is forecast to grow 2.6 percent this year against last November's 2.9 percent estimate.










PRIME PICKS

THE BIG BANG THEORY
Tonight at 7:30 PM

The Work Song Nanocluster
Penny's home business turns into a complete nightmare when Sheldon takes over



Get 1/2 price gift certificates

Find us on Facebook

Advertisement