Economy contracting, slow recovery seen: OECD (Reuters)

Shoppers walk with their purchases as they cross Broadway in the SoHo neighborhood of New York, November 22, 2008. (Chip East/Reuters)Reuters - The economy has probably slipped into a recession that will last through the middle of 2009, and recovery will be slow as consumers cut spending to rebuild lost wealth, the OECD said on Tuesday.


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