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Video: Grim news for major OECD economies

Posted in News January 13, 2009 - 09:00am, David Chaston

Dow down 1% in late afternoon trade, oil down to US$38 per barrel. NZ$ down on Euro weakness, set to fall over the day.

Grim unemployment data for OECD: US at 7.2%; France at 7.9%, Germany at 7.1%; Japan at 4%.

Leading indicator data out: US, Europe, Japan down 7 index points. China, India, Russia down 13 points.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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1 Comments

by Neven911 | 13 Jan 10, 3:24pm

"oil down to US$38" When?

"oil down to US$38" When? Maybe 'oil down to US$79"