"Nominal deficit targets are likely to be missed," he told reporters. "This is not a tragedy, as long as we are very clear about pursuing and achieving structural targets."He also urged countries that are cutting their deficits to be careful to choose measures that wouldn't aggravate high unemployment rates. Even in countries that have begun to grow, like the United States, unemployment is still above pre-crisis levels.
OECD: World Economy Picking Up But Europe Lagging
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