Yesterday, the OECD announced that it expects the euro zone to grow just 0.2 percent next year, while the United States would grow a slightly more healthy 2 percent. Tim Duy thinks this is way too optimistic on both fronts. Already, there are signs that manufacturing in Europe is imploding — new industrial orders plunged 6.4 percent in September — and it’s unlikely that the U.S. can escape the downward drag. Duy posts a chart showing just how closely tied together the fates of the U.S. and European economies have been. Read full article > >

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How Europe could drag down the United States, in one chart

The OECD says the eurozone and the UK are likely to enter a recession as the international body cuts its global growth forecasts.

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OECD warns of European recession

The global recovery still faces many risks, which could lead to stagflation, the OECD says in its latest economic outlook.

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OECD sees risk of ‘stagflation’

Teenagers’ behaviour in classrooms is getting better rather than worse – according to an OECD study which places Japan at the top of a global behaviour league.

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Japan tops ‘pupil good behaviour table’