>>> OECD sees total OECD Economies GDP to Grow 1.9% in 2015, 2.5% in 2016

OECD sees total OECD Economies GDP to Grow 1.9% in 2015, 2.5% in 2016

Cuts US 2015 GDP Growth Forecast to 2% v 3.1%

Cuts US 2016 GDP Growth Forecast to 2.8% v 3%

Cuts Global GDP Growth Forecast to 3.1% from 3.7%; Affirms 2016 GDP at 3.8%

Sees China 2015 GDP Growth Forecast at 6.8%; 2016 GDP at 6.7%

Comments: Recovery since the global financial crisis had been unusually weak, costing jobs, raising inequality and knocking living standards.Sees global growth gradually strengthening but not until late 2016 will it return to the average pace of pre-crisis years.