European Commissioner for Jobs, Growth, Investment and Competitiveness Jyrki Katainen (L) and European Commissioner for Economic and Financial Affairs Pierre Moscovici present the EU executive's autumn economic forecasts during a news conference at the EU Commission headquarters in Brussels

The Organization for Economic Cooperation and Development Monday cut its economic growth forecasts for the U.S. and other large developed economies, and said the continued weakness of the recovery demonstrated the need for significant changes in economic policy.  The Paris-based research body