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Why is global growth slipping?

Emerging markets were meant to be doing better than this by now

By George Magnus  

David Cameron and President Xi may be friendly, but is China such a useful ally? © Joe Giddens/Pool Photo via AP

The OECD has become the latest international organisation to reflect on weaker global growth. Yesterday it trimmed its forecast for this year to 2.9 per cent, from 3 per cent, and to 3.3 per cent in 2016, from 3.6 per cent. It is concerned mostly about the weakness in…

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