OECD urges co-ordination to avoid recession

OECD urges co-ordination to avoid recession Another recession looms for European economies as the eurozone sovereign debt crisis hits confidence, the Organisation for Economic Co-operation and Development warned on Monday, urging countries to adopt a co-ordinated strategy to boost growth.

Slashing its growth forecasts in the week of the Group of 20 summit, the OECD said the grim outlook could be improved if G20 countries adopted a bold plan “to restore confidence through decisive actions in specific countries and regions”.
http://link.ft.com/r/QM42II/WT0NUJ/UUPHQX/GDYUD6/ZGVUE0/36/h?a1=2011&a2=10&a3=31

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