Sunday, November 18, 2012

When the OECD went all in for austerity it was wrong, wrong, wrong!

The report making the case for austerity, the 2010 OECD Economic Outlook, made economic projections out through the last quarter of 2011. Paul Krugman provides the above graph showing how very wrong the OECD was in its growth projections. "The harsh-austerity countries did much worse than the OECD was expecting."

No comments: