OECD says U.S. remains at risk of recession

In its semi-annual report on global economies, the Economic Outlook Organization for Economic-Operation and Development (OECD) forecast a 2.0 percent growth rate for the U.S. next year and a 2.5 percent increase in 2013.

The report issued a blunt assessment that a “serious downside risk” will result if nothing is done “to counter the pre-programmed fiscal tightening in the United States, which could tip the economy into a recession that monetary policy can do little to counter.”

Read more on the OECD analysis in the Wall Street Journal and for fuller coverage, please refere to the OECD summary.

 

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