Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles

OECD Again Cuts Outlook On Pessimistic U.S. Forecast

Published 06/04/08 Economy In Crisis - Print Article
E-mail - editor@economyincisis.org

The OECD said it expects "financial headwinds" to abate in the first half of 2009, but it warned that developments in financial markets could yet lead to further strains on the economy. They include "a more pronounced adjustment of housing prices and further mortgage-related losses; a severe adjustment in the U.S. commercial real-estate market; or a longer than expected U.S. recession that would in turn deepen financial market losses."

Click here to contact your Representative in Congress.

Unless the above article is already copyrighted, this article is licensed under a Creative Commons Attribution-No Derivative Works 3.0 United States License, EIC grants permission to use this article in whole or in part provided attribution is given, preferably in the form of a link back to EconomyInCrisis.org.