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OECD countries to lose 30m jobs
Developed countries will lose about 30m jobs from the end of 2007 through the end of 2010, the Organisation for Economic Cooperation and Development said yesterday, underscoring concerns the global economy has yet to recover from its worst recession in at least seven decades.
The job losses were mainly a result of the global financial crisis and the subsequent economic downturn that has pushed most developed economies into recession, Angel Gurria, the OECD’s secretary general, said yesterday.