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Tuesday, November 25, 2008

OECD predicts rebound by mid 2009!

http://www.ft.com/cms/s/0/3e52519e-ba68-11dd-aecd-0000779fd18c.html

Reported in the FT today, the OECD has put forward a report which states that the US and Euro zone, will contract until the end of May and see a turnaround by mid-June 2009.

If you remember, I posted an article on this site, which reported such a turnaround, albeit moderately, by the same period.
http://globalviewtoday.blogspot.com/2008/11/prediction-global-economy-rebounds-in.html

Reported in the Caribbean Net News...just to add that in!! LOL.....
http://www.caribbeannetnews.com/news-12331--6-6--.html

I normally don't side with the OECD with tax issues and am not a staunch believer in their power to affect anything, however, their research is top notch and their record on the Global Economy and the G-8, in particular, is beyond match mate. Better than the IMF and the World Bank, combined, I feel.

Its just that their politics, is suspect!

Best,

Youri
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