Clouds over emerging markets, Ukraine, crimp growth: OECD

PARIS, May 6 (AFP) : Setbacks for emerging markets and rising risks of fallout from the Ukraine crisis are holding back the global economic recovery, the OECD said on Tuesday.
The global economy is now set to grow by 3.4 per cent this year, it forecast, trimming its outlook by 0.2 points.
The organisation held its forecast that the world economy would grow by 3.9 per cent next year.
Central banks, including the European Central Bank, must go on shoring up growth, the Organisation for Economic Cooperation and Development said.
And governments should beware of pushing too fast to straighten out their finances.
The OECD said the events in Ukraine had increased geopolitical uncertainty, "with the downside risk that this could have a significant adverse impact on growth, especially in many Central and Eastern European economies."
"The near-term outlook is for global activity and world trade to strengthen gradually through the rest of this year and 2015," it said in its semi-annual Economic Outlook report.