Free trade is the best economic stimulation
Global economic crisis will lead to a sharp increase in the unemployed of working age globally with 25 million in 2010, predicted today the Organization for Economic Cooperation and Development. "We expect cuts in the range of 9 to 10 million in the member countries of OECD ... and 20 to 25 million worldwide, from now until 2010, said in French radio BFM Director General of the Organization Angel Guriya.
Earlier the International Labor Organization predicts that the number of unemployed people globally will grow by 20 million and will reach record 210 million at the end of 2009.
In the Paris-based Organization for Economic Cooperation and Development members 30 countries, including the leading industrial economies in the world. According Guriya European countries must devote more resources to stimulate their economies and the European Central Bank should lower interest rates in view of declining inflation. EU must go further than plans for fiscal incentives already announced, equivalent to about 1.4 percent of its GDP, while all other major countries do the same "said the Guriya. According to him, the economies of the OECD are in recession and reported a fall in the first two quarters of next year, and many of them throughout 2009.
Labels: Financial News
posted by Zoritza Petrova @ 10:35 PM
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