Mississauga, ON -- (SBWIRE) -- 10/13/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Reko Announces Fiscal 2015 Results, Shares Climb On News."
Companies mentioned in this article include Reko International Group Inc. (TSX-Venture:REK).
Last month, the Organization for Economic Co-operation and Development (OECD) lowered its forecast for Canada's GDP growth for 2015. The OECD now forecasts Canada's GDP to grow 1.1% in 2015, down from the previous forecast of 1.5%.
The OECD also lowered its GDP growth projection for 2016 to 2.1% from 2.3%. The reason for the OECD's downward revision is Canada's reliance on the commodities sector. The slump in commodity prices has led to miners and oil & gas companies slashing their capital spending. The downward revision by the OECD reflects this.
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