And you know more than the Secretary General of the Organization for Economic Development and Cooperation:
“The current political deadlock in the United States is needlessly putting at risk the stability and growth not only of the U.S. but also the world economy,” Angel Gurria said in a statement.
“This comes at a time when a fragile recovery in advanced economies was under way, and when a number of emerging economies were already facing new risks.”
“If the debt ceiling is not raised – or, better still, abolished – our calculations suggest that the OECD region as a whole will be pushed back into recession next year, and emerging economies will experience a sharp slowdown.”
And you know more than the Secretary General of the Organization for Economic Development and Cooperation:
“The current political deadlock in the United States is needlessly putting at risk the stability and growth not only of the U.S. but also the world economy,” Angel Gurria said in a statement.
“This comes at a time when a fragile recovery in advanced economies was under way, and when a number of emerging economies were already facing new risks.”
“If the debt ceiling is not raised – or, better still, abolished – our calculations suggest that the OECD region as a whole will be pushed back into recession next year, and emerging economies will experience a sharp slowdown.”