Thursday, November 19, 2009
OECD more upbeat
Posted by David Smith at 12:00 PM
Category: Thoughts and responses

The spin the OECD put on its new forecasts was that growth would not be strong enough for a while to halt the rise in unemployment. Even so, it has significantly revised up its numbers, raising its 2010 forecast for OECD growth from 0.7% to 1.9%. Growth wil further accelerate to 2.5% in 2011 it expects. A detailed handout is accessible here.