The OECD today produced a report that is sure to be controversial. They are upgrading all their forecasts both for 2009, and 2010, but that FT headline mask the real underlying situation as it applies to consumers and businesses which I see as relatively no change from other forecasts. OECD sees strongest outlook since 2007 | FT Country Forecast for 2009 Forecast for 2010 Current Previous Current Previous US -2.8% -4.0% +0.9% 0% China +7.7% +6.3% +9.3% +8.5% Japan -6.8% -6.6% +0.7% -0.5% Eurozone -4.8% -4.1% 0% -0.3% Source: OECD The report notes that the unemployment rates and slackness in … Continue reading OECD forecast revised upward, but underlying economic forecast conditions remain unchanged