Global economic crisis will increase the number of unemployed in the world by 25 million by 2010. This has been said on Monday by the head secretary of the Organization for economic cooperation and development (OECD), Angel Gurria.
"We are on our way to lose between eight and ten million of working positions in the countries members of the OECD, and between 20 and 25 million around the world in a period until 2010", has been stated by Gurria to the French radio BFM, agencies report. International organization for work has earlier predicted that the number of unemployed in the world could increase by 20 million and come up to the record level of 210 million by the end of 2009. Gurria has also said how the European countries should increase the expenditures for stimulant packets so they could encourage their economies, and he also suggested that the European Central Bank should reduce its interest rate because of the droop of inflation. The European Union should "move away" from the fiscal stimulant packets which it has already brought, and which reach 1.4% of gross domestic product, since "all other big countries go above that level", Gurria has said. He has said that the economies of the OECD are in recession in the next three months and they will remain in it for at least first half of the next year, while many countries will be in recession during the biggest part of 2009.
"We prognosticate the recovery at the end of 2009 and a weak growth in 2010", Gurria has said. By commenting deepening of crisis, he has graded that "regulating and monitoring of crisis has been scandalously unsuccessful".