OECD warns of European recession

November 28, 2011 05:50

For the eurozone, the OECD’s predictions are -1% this quarter, and -0.4% next. The group also revised down its forecast for global economic growth to 3.8% this year and 3.4% next year. – BBC

From BBC News


However it warned that a ‘negative event’ in the eurozone could cause a global contraction.


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