Saturday February 22, 2020

OECD cuts global growth outlook to 3.1%

4th June, 2015
World economy predicted to grow 3.1% in 2015 - OECD

The OECD has made a sharp cut to its global economic growth forecast for 2015, forecasting that the world economy will grow 3.1 per cent this year, down from the 4 per cent it predicted in March.

The Paris-based organisation predicted growth of 3.8 per cent for 2016.

It said low oil prices would ensure a gradual recovery, despite weak investment rates. Growth is being supported by supportive central bank policies in the biggest developed economies and a strong US...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 6 days ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 6 days ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 6 days ago