Economic Outlook forecasts sharp rise in unemployment as recession takes hold across OECD
25/11/2008 - The number of unemployed in OECD countries is expected to rise by about 8 million people over the next two years as the most serious recession since the early 1980s takes its toll on economic activity, according to the latest OECD Economic Outlook.
Jobless numbers could rise to 42 million by 2010 from 34 million currently, while economic activity is expected to fall by an average of 0.4 percent in 2009, before rising slowly to 1.5 percent the following year.
Inflation, however, will ease in all OECD countries.
25/11/2008 - The number of unemployed in OECD countries is expected to rise by about 8 million people over the next two years as the most serious recession since the early 1980s takes its toll on economic activity, according to the latest OECD Economic Outlook.