TUAC NEWS
OECD forecasts warn against premature “exit strategies”
08/04/2010
Commenting on the OECD Interim Forecasts published on 7 April, TUAC General Secretary John Evans said: “the forecasts show that the recovery remains fragile. Growing public deficits must be addressed by growth of jobs and output, not by measures that would risk tipping the global economy back into recession with catastrophic results”. The OECD itself said: “the fragility of the recovery, a frail labour market and possible headwinds coming from financial markets underscore the need for caution in the removal of policy support”.