Tuesday, May 22, 2012

OECD: Global Economy At Risk Due To Eurozone Crisis



OECD: Europe Debt Could Derail Global Recovery -- CNN

NEW YORK (CNNMoney) -- Europe's sovereign debt crisis risks derailing the global economic recovery, the Organization for Economic Cooperation and Development warned Tuesday.

The OECD issued the warning as it also cut its economic outlook for the eurozone this year. It now forecasts a decline of 0.1% in the 17-nation block that uses the common currency; it previously had expected growth of 0.2%. It also cut its forecast for 2013 growth, to 0.9% from 1.4%.

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More News On The OECD's Economic Forecast

O.E.C.D. Sees Euro Zone Crisis Hurting World Recovery -- New York Times
OECD concerned that eurozone crisis could threaten world recovery -- Christian Science Monitor
OECD fears euro woe to snap brittle world recovery -- Reuters
Eurozone is biggest threat to growth: OECD -- Euronews
Eurozone warned 'severe recession' looming -- AP
OECD warns risk of severe recession in 17-country eurozone is rising as it cuts forecasts -- Washington Post/AP

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