OECD cut the global economic outlook for 2018

The Organization for Economic Cooperation and Development has cut the global economic outlook for 2018 from 3.9% to 3.8%, noting the negative impact of the threat of trade restrictions on trust. For 2019, the growth outlook is left at the level of 3.9%. The OECD expects that by the end of 2019, the overall unemployment rate in the countries of the organization will drop to 5%, the lowest level since 1980. Economic growth in the US is expected this year by 2.9%, in the next - by 2.8%. The OECD forecasts that the eurozone economy will grow by 2.2% in 2018, by 2.1% in 2019, as a result of the recovery of the labor market and wages. The growth of the UK economy is expected this year by 1.4%, in the next - by 1.3%. The OECD estimates that China's GDP growth will be 6.7% in 2018 and 6.4% in 2019.

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