World economy
 

OECD forecasts G7 growth of .3% and .2% for the next two quarters.
All G7 regions forecast to slow down.

http://www.econbrowser.com/archives/...ling_mone.html

could be worse, at least it's still positive..

great forecast!

want to see something strangly funny. try releasing that forecast with a 3.5% gorwth, and watch what happens.


People are sheep. and they do what they are told. They are being told that the economy is going down, and that saving is a good idea, and not to buy the new car or what not, So they dont. And the economy goes down.

BRUSSELS, April 3 (Reuters) - Euro zone retail sales turned out much weaker than expected in February, contracting on the back of falls in Germany and Spain and reinforcing concerns about the outlook for economic growth.

Retail sales, an indication of consumer demand, in the 15 countries using the euro fell 0.5 percent month-on-month for an annual decline of 0.2 percent, the European Union's statistics office said on Thursday.

"The renewed decline in retail sales in February does little for hopes that the consumer will ride to the rescue of the euro zone economy over the coming months," said Howard Archer, economist at Global Insight.

Economists polled by Reuters had expected a 0.2 percent monthly rise and no change year-on-year.

I think that effect exists but only sometimes. Sometimes that seems to be true but then other times all the economic news is bad and consumer sentiment comes in surprisingly high.

I'd say there are problems well beyond consumer sentiment at this point. The strengthening Euro should hurt exports, for example.