OECD warns of European recession

The OECD has warned that the eurozone and UK could be entering a recession, and has cut its global growth forecast. The OECD predicted the eurozone economy would shrink in the fourth quarter by 1 percent, and by 0.4 percent in the first quarter of next year. For the UK, the OECD's predictions are a 0.03 percent contraction this quarter, and a further 0.15 percent next.Add your comment
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