OECD slashes US growth forecast (BBC)

[eppur_se_muova]

The US economy is on the brink of recession, according to the Organisation for Economic Co-operation and Development (OECD).

The OECD has slashed its growth forecast for the US economy and hardly expects it to grow at all in the first six months of 2008.

But the OECD says it is "premature" to say the US is in recession.
***
The OECD, which represents the 30 most advanced industrial countries, now expects the US economy to grow just 0.1% in the first three months of this year, down from its original 0.3% forecast.

In the second three months, it reduced its forecast to zero growth, down from 0.4%.
***
more: http://news.bbc.co.uk/2/hi/business/7306791.stm