World economic update from the OECD

Posted by admin on 13 November, 2008 under Business news | Be the First to Comment

The Organisation for Economic Co-operation and Development (OECD) has forecast a protracted economic slowdown in US, Japan and Euro area.

A summary of their predictions over the coming year, as follows:

Economic activity for the US to fall by 0.9 percent

Economic activity for the Euro Area to fall by 0.5 percent

Economic activity for the Japan to fall by 0.1 percent

For full details of this article and information behind their forecasts click here.