OECD: Global economic prospects have deteriorated

Deterioration occured in the global economic outlook in recent months, especially due to China’s and Brazil's economic slowdown – the Organization for Economic Cooperation and Development (OECD) announced its economic forecast on Wednesday.

The euro zone's economy growth in may increased by 1.6 percent this year, which is a minimum level improvement, compared to the June numbers, but stronger than last year's 0.9 percent economic growth, but less strong than it could be, since a “one percent growth will not coming through,” Cséfalvay Zoltán Head of the Hungarian Permanent Representation of OECD commented . (MTI)