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Economic Growth is Always Around the Corner September 15, 2014

Posted by geoff in News.
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Well, in the 4 months since May, the Organisation for Economic Cooperation and Development (OECD) has lowered its prediction of US economic growth. Significantly.

…the OECD saw the United States’ economy growing 2.1 percent this year before accelerating to 3.1 percent in 2015. In May the OECD forecast U.S. growth of 2.6 percent this year and 3.5 percent next year.

That means the growth this year will be entirely due to inflation.

At this rate, by next May they’ll be predicting 2.1% growth for 2015 as well.

Comments»

1. Lipstick - September 15, 2014

Huh, just like they have been calling this economy a “recovery” as things still swirled around the drain.

As we all know, as soon as a Republican gets elected it will be doom and gloom and “what is he doing about this?” coverage.


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