OECD: “Developed World in Recessionâ€
Source: http://Blog.QualityStocks.net/?p=13836Posted on Thursday, November 13th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -
According to the French Organization for Economic Cooperation and Development (OECD), the developed countries of the world are now facing a deeply-troubling recession that the group expects to last “at least through the first half of 2009″. Rapidly contracting GDPs are just one effect of the crisis, although, while the OECD says that “projections point to a protracted downturn”, it has been indicated that the group believes the U.S. to be the nation that will ultimately deliver the global economy from a frightening reality.
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