News Headline Summary

OECD cuts 2013 World GDP growth forecast to 3.1% from 3.4%

- ECB can take more unconventional steps to help economy.
- Japan faces delicate balancing act to boost growth.
- Rising unemployment is most pressing issue in Euro area.
- Italy's recession will continue throughout 2013.

- Cuts 2013 China GDP estimate to 7.8% from 8.5% in November.

Reaction details (11:13)

- In an immediate reaction, German Bunds edged higher from 143.56 to 143.66 and EUR/USD fell from 1.2888 to 1.2877.

29 May 2013 - 11:00 - - Source: Newswires

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