Will Thermagasket Hurt The Truck

they had better be careful at Christmas

OECD predicts that developing countries will be in recession in 2009
Developed countries around the world is moving into its worst recession since the early 1980's, said Tuesday the Organization for Economic Cooperation and Development (OECD) in a study. "Many economies OECD have entered or are about to enter a period of prolonged recession of a magnitude not seen since the early 80's, "said OECD chief economist Klaus Schmidt-Hebbel in the report. Economies the OECD will contract 0.4 percent in 2009 compared with 1.4 percent growth forecast for 2008, said the organization, based in Paris, in his semiannual report on economic forecasts. The OECD members will be in recession in the third quarter of this year and will undergo four consecutive quarters of negative growth in gross domestic product (GDP) to the third quarter of 2009, adds the report. The U.S. economy recede 0.9 percent during the next year, while the eurozone and Japan of will contract by 0.6 percent and 0.1 percent respectively, according to the OECD. The UK, one of the economies that suffer the crisis from the OECD, see how its GDP fell by 1.1 percent. The British economy will be followed by Italy, that will back up 1.0 percent, of Spain, that will make up 0.9 percent , and France, with negative growth 0.4 percent . The OECD said in support of the measures that are Active tomen to rescue the tax system, such as reductions in taxes, provided that temporal and Sean tengan a goal clear. Respaldará also the measures of the governments that aim to increase the spending as tengan to be effective to relieve the financial crisis. (Xinhua) 11/26/2008