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...

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