Economic downturn almost at bottom, OECD says

06/25/2009 | CNBC

Marking the first time since 2007 that it has revised its forecast to be more optimistic, the Organization for Economic Cooperation and Development said the economic downturn in its 30 member countries has nearly reached bottom. It predicted a weak growth of 0.7% next year, a modest improvement from its previous estimation of 0.1% contraction.

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