PARIS (AP) — Eurozone economies will see a “marked slowdown” next year, the Organization for Economic Cooperation and Development warned Monday, as it called on the European Union to clarify its anti-crisis measures.
In an update of economic forecasts timed to coincide with this week’s meeting of the Group of 20 major economies, the OECD said “patches of mild negative growth” are likely in the eurozone in 2012.
It predicts economic growth in the eurozone will stall at 0.3 percent next year, after just 1.6 percent growth this year. That’s down from the OECD’s forecast in May of 2 percent growth in the eurozone in 2012.
“Detailed information is needed” on how the EU will implement the package of measures announced last week aimed at resolving the European debt crisis, the Paris-based OECD said.
The U.S. economy will grow 1.8 percent next year after 1.7 percent growth in 2011, the OECD said,
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