Like so many other think tanks and experts, it seems satisfied to throw up its hands and say that there is no reasonable way for growth to be restored, says Doug McIntyre.
Perhaps because this recession is unlike others? If that is so, we are going to face unusual dangers. Our experts might not know what to recommend. Worse, they might give flawed advice.
The agency says that “Growth in the Group of Seven countries is expected to be around1.5 percent on an annualized basis in the second half of 2010. U.S. GDP is expected to be in the 1.2 percent range in the fourth quarter of 2010.
The analysis concludes that the recovery from the recession is no recovery at all. What the OECD does not do is suggest what might be done to reverse the problem. Maybe they have no clue.
Read more: OECD Say Global Expansiton Will Slow - 24/7 Wall St. http://247wallst.com/2010/09/09/oecd-say-global-expansiton-will-slow/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FRyNm+%2824%2F7+Wall+St.%29#ixzz0z1pXaUEI


