The New York Times published an article on November 27 titled “O.E.C.D., Slashing Growth Outlook, Warns of Global Recession.”
A couple of notable excerpts include:
The organization, based in Paris, predicted that gross domestic product in its 34 member countries, all of which have developed economies, would expand 1.4 percent in 2013, significantly below the forecast of 2.2 percent it made just six months ago.
The group expects the United States economy to grow 2 percent in 2013 and 2.8 percent in 2014, provided a fiscal deal is reached. In Japan, G.D.P. is expected to expand 0.7 percent in 2013 and 0.8 percent in 2014.
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