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 Defense officials react to Hegseth's Quantico meeting. President asks nation's top generals to loosen up. Government shutdown is here. Here's what to expect. Colorado wants to give 'peace of mind' on Hunter S. Thompson. Report an error