Posted AT 6:27 AM EST on 13/11/08
Developed world is in recession: OECD
LONDON — The world's developed economies have slid into recession and will shrink further in 2009, a top international organization said Thursday.
In its latest economic forecasts, the Paris-based Organization for Economic Co-operation and Development said gross domestic product was likely to fall by 0.3 per cent in 2009 for its 30 member countries, representing democracies with market economies.
It said the U.S.
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