Saturday November 28, 2020

OECD trims growth forecast and pushes euro rate cut

The OECD cut its global growth forecast as expansions in China and other emerging markets slow. A further cut in interest rates is “merited” in Europe, it said.

6th May, 2014
OECD: euro rate cut is merited.

The Organization for Economic Cooperation and Development cut its global growth forecast as expansions in China and other emerging markets slow. A further cut in interest rates is “merited” in Europe, it said.

The world economy will expand 3.4 percent this year instead of the 3.6 per cent predicted in November, the Paris-based organisation said in a semi-annual report today. China will grow 7.4 per cent, down from a previous projection of 8.2 per cent.

“Part of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 10 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago