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Thread: Eurozone biggest threaat to global outlook

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    asking Eurozone biggest threaat to global outlook

    2 May 2012 Last updated at 12:34 GMT

    Eurozone biggest threat to global outlook, OECD says





     60274055 014753569 1 - Eurozone biggest threaat to global outlook The crisis in the eurozone has been on the radar for some time
    Continue reading the main story Eurozone crisis



    The eurozone crisis is the single biggest threat to the global economy, according to the Organisation for Economic Co-operation and Development.
    The economy of the 17 nations that use the euro will shrink 0.1% this year, before rebounding to 0.9% growth next year, the OECD predicts.
    By contrast, the US economy will expand by 2.4% this year and 2.6% in 2013.
    The OECD also seemed to back calls by some Europeans to combine spending cuts with measures to boost growth.
    "The crisis in the eurozone remains the single biggest downside risk facing the global outlook," said OECD chief economist Pier Carlo Padoan.
    In November last year, the organisation warned of a "deep recession with large negative effects for the global economy" if the eurozone did not tackle the crisis.
    On Tuesday, it said: "The immediate dangers of such developments have receded somewhat since last autumn, although... the dangers have not disappeared.
    "Failure to act today could lead to a worsening of the European crisis and spillovers beyond the euro area, with serious consequences for the global economy."
    The OECD predicted that the UK would grow by just 0.5% this year and by 1.9% in 2013. This comes after figures showed that the UK had returned to recession in the past two quarters.
    'Growth-friendly' Ahead of an informal summit of European Union leaders in Brussels on Wednesday, the OECD seemed to back calls from the new French president to enact measures such as "increasing European Investment Bank funding for infrastructure projects".
    Continue reading the main story “Start Quote
    Reform fatigue is increasing and tolerance for fiscal adjustment may be reaching a limit”
    Pier Carlo Padoan OECD
    It also said that "better use" could be made of the European Central Bank's balance sheets and called for "a further easing in the euro area".
    "Fiscal consolidation and structural measures must proceed hand in hand, to make the adjustment process as growth-friendly as possible," the OECD said.
    The organisation expects the unemployment rate to stay high in the euro area - 10.8% this year and above 11% next year.
    The jobless rate is currently 10.9%, the highest since the euro was formed in 1999.
    Last edited by R. M. Dixit; 22-05-2012 at 09:48 PM.

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    Default Re: Eurozone biggest threaat to global outlook

    bari jaldi khayal aya hai.

    Team A bohot aqalmand hai sachi mai...
    mera libas hai tu zps3e44c641 - Eurozone biggest threaat to global outlook

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    Default Re: Eurozone biggest threaat to global outlook

    Quote Originally Posted by DexteR View Post
    bari jaldi khayal aya hai.

    Team A bohot aqalmand hai sachi mai...
    Dexter Paii samjhnay main v Zananioun sayy aagay ki cheze hain





    تیری انگلیاں میرے جسم میںیونہی لمس بن کے گڑی رہیں
    کف کوزه گر میری مان لےمجھے چاک سے نہ اتارنا

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