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OECD head: Europe heading for faster recovery

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Reuters BEIJING
Last Updated : Mar 20 2015 | 11:57 AM IST

BEIJING (Reuters) - Europe is heading towards a faster economic recovery due to low oil prices, low interest rates and a "more competitive" euro currency, the head of the Organisation for Economic Co-operation and Development said in Beijing on Friday.

China will be able to achieve economic growth of 7 percent this year, while domestic demand will be strong enough to prevent deflation, the OECD's secretary-general, Angel Gurria, told Reuters in an interview.

(Reporting by Kevin Yao; Editing by Kim Coghill)

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First Published: Mar 20 2015 | 11:49 AM IST

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