--- Like we didn't already guess that.
News Summary: OECD warns risk rising for severe recession in 17-country eurozone - The Washington Post
News Summary: OECD warns risk rising for severe recession in 17-country eurozone - The Washington Post
GRIM WARNING: The 17-country eurozone risks falling into a severe recession, the Organization for Economic Cooperation and Development warned as it called on governments and Europes central bank to keep the slowdown from dragging down the global economy.
THE FORECAST: OECD Chief Economist Pier Carlo Padoan warned the eurozone economy could contract by as much as 2 percent this year, a figure that the Paris-based organization had laid out as its worst-case scenario in November.