U.S. recession to bottom out this year: OECD


	U.S. recession to bottom out this year: OECD

etellefs

6-24-2009 8:36 AM

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etellefs says:

I've got a really great price on this bridge in Brooklyn....

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7e5f3d04-b44d-4ba0-8bc1-2b58680f5db2/500AA28B-670A-426C-892C-B32DB8483B66/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1" href="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1"><H1>U.S. recession to bottom out this year: OECD</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/news.yahoo.com/img/76CE3840-1A08-4CD2-9561-FC57F63863B3" alt="Reuters" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1"><ABBR class="timedate" title="2009-06-24T01:37:46-0700">Wed Jun 24, 4:37 am ET</ABBR></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1"><P>WASHINGTON (Reuters) – 
A severe U.S. recession will bottom out this year, but any recovery will be weak due to anemic markets and shrunken consumer wealth, the Organization for <SPAN id="lw_1245832784_0" class="yshortcuts">Economic Cooperation and Development</SPAN> said on Wednesday.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1"><P>
"In this environment, a considerable degree of economic slack, especially in the labor market, is likely to persist ... bringing inflation to very low rates," the Paris-based <SPAN id="lw_1245832784_1" class="yshortcuts">OECD</SPAN> said in a twice-yearly report on <SPAN id="lw_1245832784_2" class="yshortcuts">global economic conditions</SPAN>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1"><P>
It estimated that U.S. national output will contract 2.8 percent in 2009 but grow 0.9 percent in 2010.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090624/bs_nm/us_oecd_usa_1"><P>
The OECD urged the Obama administration to push ahead with plans for <SPAN id="lw_1245832784_3" class="yshortcuts">public-private partnerships</SPAN> to remove toxic assets from banks' balance sheets, adding that, if necessary, the <SPAN id="lw_1245832784_4" class="yshortcuts">Federal Reserve</SPAN> should expand the scale of its <SPAN id="lw_1245832784_5" class="yshortcuts">quantitative easing</SPAN> measures that include buying longer-term <SPAN id="lw_1245832784_6" class="yshortcuts">U.S. Treasury securities</SPAN>.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/500AA28B-670A-426C-892C-B32DB8483B66/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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