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(AFX UK Focus)
2009-11-09 14:53
OECD chief says world economy stabilizing |
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TORONTO, Nov 9 (Reuters) - The world economy is stabilizing but faces the challenge of moving from a recovery driven by government policy to one that is self-sustaining, the head of the OECD said on Monday.
"After two years of bad news, and trillions of dollars of losses, the global economy is now stabilizing. The great challenge is to move from a policy-based recovery to self-sustained growth," Angel Gurria, secretary-general of the Paris-based Organization for Economic Cooperation and Development, said in the prepared text of speech.
(Reporting by Frank Pingue; Writing by Jeffrey Hodgson; editing by Peter Galloway) Keywords: ECONOMY OECD/ (jeffrey.hodgson@thomsonreuters.com; 416 941 8099; Reuters Messaging: jeffrey.hodgson.reuters.com@reuters.net)
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