Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search


1st World Recession In Two Decades Indicated

The world has plunge into recession for the first time in 20 years, says the OECD.

The world has plunged into recession for the first time in two decades in the wake of the 11 September attacks that delivered a "severe shock" to the global economy, the OECD said Tuesday

The Organisation for Economic Co-operation and Development said its 30-nation zone would contract "slightly" in the second half of this year and was forecast to stay weak into 2002.

In its bi-annual economic outlook the organisation said output would fall 0.3 per cent in the second half of 2001, the first drop in 20 years. Growth would probably come in at 1.0 per cent both this year and in 2002, marking the worst performance since the Second World War.

However a strong rebound was expected late next year paving the way for 3.2 per cent growth in 2003.

"The downward risks are substantial," it said.

A variety of adverse effects could occur......which would tend to aggravate present weakness and cast doubt on a speedy and robust rebound."

© Scoop Media

Top Scoops Headlines


Using Scoop Professionally? Introducing ScoopPro

ScoopPro is a new offering aimed at ensuring professional users get the most out of Scoop and support us to continue improving it so that Scoop continues to exist as a public service for all New Zealanders. More>>


Don Rennie: Is It Time To Take ACC Back To First Principles?

The word “investing” has played a major part in the operations of the ACC since 1998... More>>

27-29 Sept: Social Enterprise World Forum Live Blog

1600+ delegates from more than 45 countries have came together to share wisdom, build networks and discuss how to create a more sustainable future using social enterprise as a vehicle. Attending the Forum were social enterprise practitioners, social entrepreneurs, policy makers, community leaders, investors, activists, academics and more from across the globe... More>>

HiveMind Report: A Universal Basic Income For Aotearoa NZ

Results from this HiveMind suggests that an overwhelming majority of Kiwis believe that due to changing circumstances and inefficiencies in the current system, we need a better system to take care of welfare of struggling members in our society. More>>


Scoop Hivemind: Medical Cannabis - Co-Creating A Policy For Aotearoa

Welcome to the fourth and final HiveMind for Scoop’s Opening the Election campaign for 2017. This HiveMind explores the question: what would a fair, humane and safe Medical Cannabis policy look like for Aotearoa, NZ in 2018? More>>