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  • OECD: Recession is Here

    By Purchasing Staff -- Purchasing, 12/11/2008 2:00:00 AM

    The world's developed countries, hard hit by the financial crisis, have tipped into a recession that will last at least through the first half of 2009, according to the 30-nation Organization for Economic Cooperation and Development. The call: For all of 2009, OECD-member countries' economies will contract by 0.3%.

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