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Global economy stuck in 'low-growth trap' with no easy escape: OECD

Thursday, September 22, 2016 - 05:50

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The report says solid growth should continue in India, boosted by the big rise in public sector wages. Growth may surprise on the upside in 2017 due to the passing of key structural reforms such as GST.

Tokyo

THE Organisation for Economic Co-operation and Development (OECD) has diagnosed the global economy as being stuck in a "low-growth trap, with poor growth expectations depressing trade, investment, productivity and wages".

It said in the latest quarterly update of its Interim

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