Recession

Economic group: 'Severe recession' is looming in eurozone

22 May 2012

PARIS (AP) — The 17-country eurozone risks falling into a "severe recession ," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and the European Central Bank to act quickly to keep the slowdown from dragging down the global economy. OECD Chief Economist Pier Carlo ...

Eurozone warned 'severe recession' looming

22 May 2012

The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy.

OECD Warns Of 'Severe Recession' In Eurozone

22 May 2012

Pressure is mounting on politicians and the European Central Bank (ECB) to intervene in the eurozone crisis after the OECD warned the bloc could face a "severe recession", which risked bringing down the global economy.