Latest update: 01/04/2009 

- Economic crisis - eurozone - GDP - OECD - world economy


OECD wants more stimulus amid stronger GDP contraction
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and...

by RiskManager (not verified) - 01/04/2009 - 09:46

...the report said the opposite of the IMF report that everyone trumpetted. The OECD says that the UK will suffer one of the shallowest drops in GDP despite its prior 20 years of strong growth. Fancy that!

As for the global economy, it takes a surplus to make a deficit. Until the wrong headed selfish attitude of permanenet surplus is ended, the imbalances that the credit crunch was but one manifestation of, will continue. Permanent surplus countries are like drug pushers of debt, because they demand others be in deficit. Funny how the received wisdom good guys so often turn out to be the bad guys isnt it? (and vice versa) Its no accident of course!

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