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, €19.99 Monthly thereafter

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

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago