OECD trims 2014 world growth forecast

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 percent 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 percent 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, according to AFP