More on the OECD report: The organization recommends that the U.S.'s fiscal tightening should be...

|By:, SA News Editor

More on the OECD report: The organization recommends that the U.S.'s fiscal tightening should be gradual in order to preserve growth. The eurozone should rethink its cutbacks, the OECD says, warns against extra austerity in Spain and of a downward spiral in Portugal, hikes its deficit projections for Italy, and says a recovery in Greece won't come until a later-than-expected 2015. On the brighter side, the OECD reckons that the Swiss economy will recover in H2 2013. (PR)