Recovery in rich economies stutters

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AFP, Paris :
Growth in advanced economies slowed down slightly in 2013 from output in 2012, the OECD said Wednesday.
These latest statistics on OECD-member countries bear out the struggling and fragile nature of recovery from recession in many countries which analysts have been underlining for several months.
“For 2013 as a whole, GDP (gross domestic product) rose by 1.3 percent in the OECD area, down from 1.5 percent in 2012,” the OECD, comprising 34 advanced democracies, said when it published data for the fourth quarter.

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