OECD – Weak growth outlook is expected to push unemployment beyond today’s already high levels

The global economy is slowing, with key European countries entering a recession that is now having an impact worldwide, the OECD said in its latest Interim Economic Assessment.

“Our forecast shows that the economic outlook has weakened significantly since last spring,” Mr Padoan said. “The slowdown will persist if leaders fail to address the main cause of this deterioration, which is the continuing crisis in the euro area.”

http://www.oecd.org/newsroom/economyeuropeanrecessionslowingglobaleconomysaysoecd.htm