Organization for Economic Cooperation and Development (OECD) slashed forecasts for economic growth in the eurozone and the U.S. in 2012.
OECD forecast that eurozone GDP will grow by only 0.3%. In this case six months ago, growth was estimated at 2%.
Meanwhile, the U.S. economy is forecast to grow by 1.8%. The previous forecast - 3.1%.
Note that in October this year, the composite index of business and consumer confidence in the euro zone fell to 94.8 points - its lowest level since December 2009.
At the recent EU summit, it was decided that for the salvation of the single currency euro to write off half the debt of Greece and to increase the fund EFSF to one trillion euros