Calls grow for ECB to cut rates

EUROPE - A United Nations body yesterday, Apr 24, called for the ECB to follow the lead of the US and cut interest rates if it wants to avoid a slide into recession.

ARTICLE - The United Nations Conference on Trade and Development (UNCTAD) claims Europe would be badly hit by the slowdown in the United States and that action must be taken now if the worst effects are to be avoided. UNCTAD is largely concerned with examining the economic situation in developing countries.

UNCTAD deputy secretary

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