Market Updates: OECD Cuts Global Growth Forecasts for 2019 & 2020

The Organization for Economic Co-Operation & Development (OECD) lowered estimates for the global economy for the current year 2019 and next year 2020.

Certainly, the ongoing trade between the US-China and uncertainties over Brexit are keeping the market on its knees.

OECD now sees world GDP expanding at a rate of 3.3% in 2019 which is down by 0.2% compared to previous estimates. While 2020’s fresh growth estimate is 3.4%, down by 0.1%.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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