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New Warnings of Global Economic Downturn

   VOA News 11 October 2010

   An  organization  of  some of the world's most powerful economies said
   growth is slowing down and could stall.
   The  Paris-based Organization for Economic Cooperation and Development
   said  Monday  a compilation from its 33 member nations of key economic
   statistics  declined  from  July to August.  OECD economists said the
   drop was small - one-tenth of a point - but causes concerns because it
   follows several months of little or no growth.
   The  OECD  said  even  data  from some of the world's largest emerging
   economies,  including  China,  India and Brazil, "points strongly to a
   downturn."
   The report also said data from Washington suggests the recovery in the
   United  States  also  has  peaked, while Germany, Japan and Russia are
   likely to see continued growth.
   The  OECD  analyzes  data  for  some of the world's top industrialized
   nations  and  serves  as  a  forum  for  ideas  on  promoting economic
   growth.  Its report Monday is based on a compilation of economic data
   designed  to  signal  turning  points  between  economic expansion and
   contraction.

   Some information for this report was provided by AFP.

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