Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
FT.com / Global Economy - OECD predicts 10% jobless rate for 2010
One in 10 workers in advanced economies will be without a job next year, "practically with no exceptions", the head of the Organisation for Economic Co-operation and Development said on Monday.

In a graphic indication of the global recession's transmission from the financial sector to the rest of the economy, Angel Gurría warned that the ranks of the unemployed in the 30 advanced OECD countries would swell "by about 25m people, by far the largest and most rapid increase in OECD unemployment in the postwar period".

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Tue Mar 31st, 2009 at 03:56:53 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series