You are here

OECD trims global growth forecast to 2.9% in 2015, 3.3% in 2016

[PARIS] The OECD on Monday cut its forecast for global growth to 2.9 per cent this year and 3.3 per cent in 2016, saying subdued inflation should support a gradual pick up in the world economy.

However, the OECD's chief economist called "deeply concerning" a stagnation in global trade that has in the past "been associated with global recession".