OECD voices eurozone fears as growth forecast cut

The OECD has again cut its growth forecasts for the eurozone and called on the European Central Bank to consider doing more to boost growth.

The organisation said the eurozone will shrink by 0.6% this year, widening the gap between it and faster-growing economies such as the US and Japan.

OECD Secretary General Angel Gurria said there were some "encouraging signs" for the global economy, but that "the situation remains particularly fragile in Europe".