One in 10 workers in advanced economies will be without a job next year, “practically with no exceptions”, the head of the Organisation for Economic Co-operation and Development said on Monday.

Grim: a worker stages a protest about job cuts outside a Zara store in Barcelona

In a graphic indication of the global recession’s transmission from the financial sector to the rest of the economy, Angel Gurría warned that the ranks of the unemployed in the 30 advanced OECD countries would swell “by about 25m people, by far the largest and most rapid increase in OECD unemployment in the postwar period”.