Wednesday, June 24, 2009
New OECD forecasts
Posted by David Smith at 10:45 AM
Category: Thoughts and responses

The OECD's Economic Outlook says that the global recession is close to bottoming out but that recovery prospects are weak. Even so, it thinks avoiding a worse outcome is "a major achievement" of policy. On its projections, the OECD economy will begin to grow - modestly - in the fourth quarter. That's gloomier than some, but probably close to the consensus. A summary of its projections is here.