OCDE cuts estimates concerning the growth of the world economy

V.R. (translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 10 noiembrie 2015

OCDE cuts estimates concerning the growth of the world economy

The Organization for Cooperation and Economic Development (OCDE) has worsened its estimates concerning the growth of the world's economy, for the second time in the last three months, as the slowdown of the emerging markets is affecting other countries as well, such as Germany and Japan.

The OCDE forecasts that the global economy will see a 2.9% advance this year, down from its 3% September estimate, and after the 3.4% growth of 2014, respectively. According to the OCDE, the economic growth will accelerate to 3.3% next year, down from the previous 3.6% forecast.

"The growth outlook for the global economy has worsened this year. The forecast for emerging markets is currently the main reason for the global uncertainty", the OCDE warns: "The difficulties on the emerging markets are greater. If the situation of those countries deteriorates, the growth of Japan and the Eurozone will be affected".

According to the OCDE, the Eurozone will see 1.5% growth in 2015, and 1.8% in 2016.

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