Brasília – The Organisation for Economic Co-operation and Development (OECD) promoted on Monday (28) its forecast for global growth, after warning that Great Britain and the Euro Zone may be entering a period of recession.
According to the OECD, which represents the developed nations, Great Britain should grow just 0.02% in the last quarter of this year and 0.14% in the first quarter of 2012, whereas the forecast for the Euro Zone is for 1% retraction in last quarter of this year and 0.4% in the first quarter of 2012.
The organisation also warned that a "negative event” in the Euro Zone (like disintegration of the single currency) may cause global contraction.
According to the report, Brazil, which is not part of the OECD, should grow 3.4% this year and 3.2% next year – below the forecast for the global economy, which this year is 3.8% and 3.4% in 2012.
The Central Bank estimate for growth of the economy (Gross Domestic Product) dropped from 3.16% to 3.1%. For 2012, the forecasted growth dropped from 3.5% to 3.46%.
*Translated by Mark Ament
