The crowd begins to pick up the refrain – “a recession is coming”

After the UK admitted last weekend that the economic outlook is unattractive, the OECD has chimed in with the observation that UK will have a recession this year.  It’s healthy to adopt a realistic perspective.  The UK can now begin the painful turnaround.

Others should follow suit and make realistic assessments of the economic, social and environmental problems built up by a bloated consumer culture.

See OECD Economic Outlook 2 September 2008 here  (pdf).