OECD's growth forecast too weak to boost U.S. jobs

WASHINGTON, Nov. 28 (Xinhua) -- The Organization for Economic Cooperation and Development's (OECD's) U.S. growth forecast, released on Tuesday, is too weak to spur much short-term job growth, a leading U.S. expert said.

U.S. GDP growth is expected to drop to 2 percent in 2013, down from 2.2 percent this year, provided the economy avoids falling off the "fiscal cliff," according to the OECD's latest Economic Outlook.

"Basically that means the unemployment rate would just stay very close to 8 percent. That's not enough," Barry Bosworth, senior fellow at the Brookings Institution, told Xinhua. He added that the OECD's numbers are close to the consensus forecast.

The OECD, in its report, expressed pessimism over the consequences of falling off the "fiscal cliff" -- a term describing the combination of tax hikes and spending cuts due to kick in at yearend if Congress and the White House cannot agree on a budget.

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