Monday, November 30, 2009
Tweet[IWS] OECD ECONOMIC OUTLOOK, No. 86, November 2009
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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OECD Economic Outlook No. 86, November 2009
http://www.oecd.org/document/18/0,3343,en_2649_34109_20347538_1_1_1_1,00.html
The Automobile Industry in and beyond the crisis (special chapter).
http://www.oecd.org/dataoecd/57/61/44089863.pdf
[full-text, 30 pages]
COUNTRY SUMMARIES
http://www.oecd.org/document/52/0,3343,en_2649_34109_19726196_1_1_1_1,00.html
The economic recovery now spreading across OECD countries is still too timid to halt the continuing rise in unemployment. The jobless rate is expected to peak in the first half of 2010 in the US, but it may not be until 2011 that unemployment begins to fall in the Euro area.
The report says the recovery is tepid because economic activity is being held back by households and businesses repairing their finances and reducing their debts. With a subdued recovery and substantial spare capacity, inflation is projected to continue to fall well into 2010.
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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