OECD Downgrades Global Economic Growth Outlook for 2019

The OECD has downgraded global economic growth outlook for 3019 from 3.9% to 3.1%.

Arslan Butt•Monday, May 20, 2019•1 min read

The OECD has downgraded global economic growth outlook for 3019 from 3.9% to 3.1%. According to Secretary General Angel Gurria, escalating trade tensions between the US and China amid a period of recovery in global markets has driven the OECD to update its projections for global growth.

There is a very real risk of spillover from US and China which could impact other regions adversely. The tariff disputes between the US and China have caused a global economic slowdown and as the situation worsens, more damage could be expected. These comments were made by Gurria at the OECD’s Spring Forum in Paris on Monday. US-China trade concerns continue to take the center-stage in discussions at the forum.

Other themes under consideration at the forum include challenges to international cooperation, and the future of work and trade and competition in a digital age. The OECD is due to publish its updated economic outlook for 2019 on Tuesday.

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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.