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Tue 04 Apr 2003Consumers likely to cut spending
The United States and Europe are likely to see a slowdown in consumer spending in the months ahead, the Organisation for Economic Co-operation and Development (OECD) said in its twice-yearly Financial Market Trends report, published yesterday.
"Declines in consumer confidence and the recent increase in jobless claims suggest some retrenchment in \ spending ahead," the OECD said.
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