The OECD claimed today that Britain is back in recession. The Paris-based NGO's figures run at slight variance to those of British-based economic statistics compilers … but not by much. Even if the OECD's figures are slightly off, nearly 18 months of zero growth feels to British consumers and businessmen like a double-dip recession.

The question is: at what point does the Conservative-led coalition own this economy?

Some unexpected positive news for euro zone and some expected negative news, as well, today.

The OECD has broken ranks with the IMF and the European Commission and predicted that the euro zone economy will avoid recession and grow a fraction this year, reports the FT.