According to the OECD, America’s economy will be shrinking throughout 2009. The rest-of-the-world won’t be doing so hot either.
The OECD released its semi-annual Economic Outlook today. Here are the forecasts.
Table from OECD, March 31, 2009.
And here is a graph comparing aggregate OECD and non-OECD growth, quarter by quarter, against estimated growth of potential GDP.
Figure from OECD, March 31, 2009.
The graph of trade volume growth is pretty distressing as well. Lots of interesting data in the release.