Global recovery under threat, says OECD

[Valin]

BBC:

 

Decisive policy action is needed to ensure the world is not "plunged back into recession", according to the OECD.

11/27/12

 

The Organisation for Economic Co-operation and Development, which represents the world's richest nations, also lowered its growth forecasts.

 

The group's economies will grow by 1.4% next year, rather than the 2.2% forecast in May, it said.

 

The eurozone recession will also be deeper and more prolonged than previously thought, it added.

 

(Snip)

 

H/T Via Meadia