OECD warns on high unemployment

OECD warns on high unemployment The OECD warned that the biggest challenge facing member governments was record unemployment levels as it published its global economic outlook, in which it said a slow recovery was under way.
Like the International Monetary Fund in its outlook earlier this year, the group of mostly developed economies emphasised the diverging growth rates. It expects global real gross domestic product to rise 3.1 per cent in 2013 and the pace to accelerate to 4 per cent in 2014. OECD economies are forecast to expand at the slower rates of 1.2 per cent this year and 2.3 per cent in 2014, underscoring the increasing reliance on emerging economies for global growth.
http://link.ft.com/r/TWK799/RP23PN/A7ZW81/TUFAXM/A5LKEB/YT/h?a1=2013&a2=5&a3=29