A gloomy outlook for the global economy

Some excellent data and analysis in today’s OECD Interim Economic Assessment. The overall picture is pretty gloomy - certainly for the US and European economies. As the press release states;

“Economic recovery appears to have come close to a halt in the major industrialised economies, with falling household and business confidence affecting both world trade and employment, according to new analysis from the OECD”

Here is the summary press release…

...and here is the official interview with the OECD’s Chief Economist in which he explains the key features of the data;