European and US economies battle through ‘perfect storm’

Advanced economies have survived a 'near-perfect storm' in financial markets remarkably well, the Organisation for Economic Co-operation and Development said 4 June 2008, as it predicted recoveries in the US and Europe next year without inflation taking root. Report of the publication of the OECD Economic Outlook, No.83, June 2008

OECD: Economic Outlook, No.83, June 2008 http://www.oecdbookshop.org/oecd/display.asp?K=5L4D2W1NBSD8&LANG=EN

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