Monday, October 8, 2012

OECD Tells U.S. To Put It's Fiscal House In Order

And just when the slowing economy was reaching stall speed, economists at the OECD give us this:

The world's finance ministers gathering in Tokyo this week will ramp up pressure on U.S. and European officials to resolve two mounting threats to the global economy: a standoff over budget policy in Washington and another dangerous turn in the euro-zone debt crisis.
At the annual meetings of the International Monetary Fund and World Bank, officials from the 188 nations that own the two institutions will plead for action as the world economy decelerates to its slowest growth since the global recession that started four years ago.