Thursday, September 8, 2011

OECD: The world economy is slowing

Economies are likely to slow until the end of the year, according the Organization of Economic Cooperation and Development (OECD).
The OECD predicted growth of 0.3% in the UK in the last three months of this year, but the economy could contract up to 1% amid uncertainty estimates.
The organization estimates that the Group of Seven largest economies will grow only by 0.2%.
The OECD said Germany’s most likely feel the impact of world trade decline.
“The level of consumer and business

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