News Feed » Advanced Countries http://www.news-feed.com Current and updated news feed covering the U.S. and the rest of the World Sun, 05 Feb 2012 15:16:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 OECD Upgrades Its Estimate For The Economy http://www.news-feed.com/2009/06/25/oecd-upgrades-its-estimate-for-the-economy/ http://www.news-feed.com/2009/06/25/oecd-upgrades-its-estimate-for-the-economy/#comments Thu, 25 Jun 2009 22:08:01 +0000 admin http://www.news-feed.com/?p=595 Yesterday, for the first time in two years, the Organization for Economic Cooperation & Development (OECD) upgraded its estimate for the economy of its 30 member nations. The OECD now expects that the combined economy of the world’s most advanced countries will contract 4.1% in 2009 and grow 0.7% in 2010.

This is an improvement from its March projection for a 4.3% contraction and growth of only 0.1%. The OECD also raised its U.S. estimate and foresees the economy shrinking by 2.8% in 2009, compared with a previous estimate of 4%.

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