World | Organization for Economic Cooperation and Development Recession Will End This Year But growth will be sluggish through 2010, says Paris development group By Jason Farago Posted Jun 24, 2009 6:53 AM CDT Copied A board with job postings is shown at a training center in downtown Portland, Ore., Friday, June 19, 2009. (AP Photo/Rick Bowmer) The US recession will end this year, but fragile financial markets and sapped consumer wealth will keep the pace of recovery sluggish, an influential Paris-based economic prognosticator said today. The OECD—Organization for Economic Cooperation and Development—predicted that the US economy will shrink by 2.8% this year and grow by just 0.9% in 2010. The OECD also said that the housing market slump "may be approaching an end" and that the supply of unsold homes is declining. Read These Next Country star cancels rest of his tour: 'I am mentally unwell.' Old Dominion University gunman was killed by ROTC students. Sheriff in Guthrie case says he may have a motive, and a warning. Body of missing Long Island teen found in NYC waters. Report an error