Reuters: OECD sees global growth at decade-low, blames governments' indecision
PARIS (Reuters) - The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the OECD said on Thursday in an update of its forecasts.
The world economy is projected to grow by a decade-low 2.9% this year and next, the Organisation for Economic Cooperation and Development said in its Economic Outlook, trimming its 2020 forecast from an estimate of 3.0% in September.
Offering meager consolation, the Paris-based policy forum forecast growth would edge up to 3.0% in 2021, but only if a myriad of risks ranging from trade wars to an unexpectedly sharp Chinese slowdown is contained.
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WNU Editor: The OECD's report is here .... Economic Outlook: Weak trade and investment threaten long-term growth (OECD).
More News On The OECD
New warning on global economic slowdown -- BBC
OECD trims global 2020 growth forecast to 2.9% from 3.0% -- CGTN
OECD sounds alarm on deep-seated threats to global economy -- Al Jazeera/Bloomberg
OECD Sees Global Growth At Decade-Low As WTO Warns Of "Doomsday Scenario" -- Zero Hedge
The World May Have a Bigger Problem Than a Potential Recession -- William Horobin, Bloomberg
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