The Organisation for Economic Co-operation and Development released its Interim Economic Outlook report this week, ahead of tomorrow's G20 summit, and it is another dire report on the global economic crisis.  The report's authors seem struck by the reach of the current crisis.  The write, "the OECD economy is in the midst of its deepest and most wide-spread recession for more than 50 years." The OECD is made up of 30 different countries--mostly from Europe, but also major global economies like the United States, Australia, Japan, Canada and Mexico--and as the below chart shows, almost every member nation has had a downturn for at least the last two quarters:

In the report, the OECD makes an urgent call for restoring confidence in the markets, and finding ways to unfreeze credit and get lending started up again.  In the below interview, OECD Secretary General Angel Gurria emphasizes calls on G20 nations to focus on those goals at the summit tomorrow:

Read the OECD's interim Economic Outlook report here,and a country-by-country analysis of the G7 nations here.