- Analytics
- News and Tools
- Market News
- OECD keeps its global growth outlook unchanged
OECD keeps its global growth outlook unchanged
The Organization for Economic Cooperation and Development (OECD) released its growth forecast on Wednesday. The OECD kept its global growth outlook unchanged.
"Growth is flat in the advanced economies and has slowed in many of the emerging economies that have been the global locomotive since the crisis," the OECD Secretary-General Angel Gurria.
"Slower productivity growth and rising inequality pose further challenges," he added
The OECD expect the U.S. will grow 1.8% in 2016, down from the previous estimate of 2.0%, and 2.2% in 2017, unchanged from the previous estimate.
Japan's economy is expected to grow 0.7% in 2016 and 0.4% in 2017, down from the previous estimates of 0.8% and 0.6%, respectively.
Eurozone's forecast was upgraded to 1.6% in 2016 from the previous estimate of 1.4%, while 2017 forecast remained unchanged at 1.7% in 2017.
The OECD noted that Britain's leave from the European Union would weigh on the economic growth in the U.K., other European countries and the rest of the world.
China is expected to expand at 6.5% in 2016 and 6.2% in 2017, unchanged from the previous estimates.
Global GDP is estimated to grow 3.0% in 2016 and 3.3% in 2017, unchanged from the previous estimates.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
