Shock News! OECD Downgrades World’s Economic Forecast —- And Still Horribly Wrong!

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This is the stuff that irks me.  These are supposed experts, but, as usual, they were wrong.  What’s worse is that they continue to be wrong. 

PARIS (Reuters) – The recession-hit euro zone will fall further behind a generally improving United States and a rebounding Japan this year, the OECD said on Wednesday, cutting its global growth forecasts.

In its twice-yearly Economic Outlook, the Organisation for Economic Cooperation and Development forecast the world economy would grow 3.1 percent this year before accelerating to 4 percent in 2014.

The estimates marked a slightly more pessimistic view after in November the Paris-based think tank forecast global growth of 3.4 percent this year and 4.2 percent next year.

The United States was seen driving global growth with the world’s biggest economy projected to expand 1.9 percent this year and then accelerating to 2.8 percent in 2014, which would be the country’s best…

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