Market Updates: OECD Cuts Global Growth Forecasts for 2019 & 2020
Arslan Butt • 1 min read
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%.