Eurozone warned ‘severe recession’ looming

PARIS — The 17-country euro­zone risks falling into a “severe reces­sion,” the Orga­ni­za­tion for Eco­nomic Coop­er­a­tion and Devel­op­ment warned on Tues­day, as it called on gov­ern­ments and Europe’s cen­tral bank to act quickly to keep the slow­down from drag­ging down the global economy.