4aef9c2de181a052f37c9b5599c7c8e7e5f7431d

OECD calls US dip a blip, but chops world growth forecast

The OECD, a policy analysis body grouping 34 advanced economies, slashed its outlook for the United States from 3.1 and 3.0 percent to 2.0 and 2.8 percent for this year and nextThe OECD on Wednesday sharply lowered its global growth forecasts for 2015 and 2016, dragged down partly by a “transitory” shortfall in US performance and by businesses and governments skimping on investment. “Global growth is projected to strengthen in the course of 2015 and 2016, but will remain modest relative to the pre-crisis period,” the Organisation for Economic Cooperation and Development said. It predicted the world economy would grow at a rate of 3.1 percent this year, down from the 4.0 percent increase it projected in March.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article