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Archive for the ‘Pier Carlo Padoan’ Category

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May 22, 2012         11:09 AM ET

Europe’s sovereign debt crisis risks derailing the global economic recovery, the Organization for Economic Cooperation and Development warned Tuesday.

The OECD issued the warning as it also cut its economic outlook for the eurozone this year. It now forecasts a decline of 0.1% in the 17-nation block that uses the common currency; it previously had expected growth of 0.2%. It also cut its forecast for 2013 growth, to 0.9% from 1.4%.

The OECD was particularly concerned that problems with sovereign debt in Europe have become a significant threat to growth around the world.

“The crisis in the eurozone remains the single biggest downside risk facing the global outlook,” said Pier Carlo Padoan, chief economist for the OECD.

The global economic recovery remains fragile and extremely uneven across different regions, according to the OECD, a multinational research body.

Growth in emerging economies, which have been the engine of the global recovery, has slowed, the OECD said, while growth in more developed economies is likely to remain modest.

Overall growth for the developed economies that make up the OECD is now forecast at only 1.6%, down from the 1.8% forecast in 2011.

The eurozone didn’t grow at all in the first quarter, as both it and the broader 27-nation European Union teetered on the edge of recession. Eleven European nations have already suffered declines in their gross domestic product for two or more consecutive quarters, the common definition of a recession.

The outlook was brighter for the U.S. The OECD forecast 2.4% growth for 2012, up from the 2.0% it forecast last fall. The U.S. achieved 1.7% growth last year.

from:  http://money.cnn.com/2012/05/22/news/economy/oecd-europe/index.htm

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using the number/letter grid:

 
1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

Pier Carlo Padoan

7959 31936 714615            76

 

his path of destiny = 76 = Efficiency.  Get ‘er done.

Eight of Pentacles Tarot card

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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discover some of your own numerology for FREE at:

http://numerologybasics.com/

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learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

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Sex Numerology available at:

https://www.createspace.com/3802937

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