OECD lowers global growth forecast for 2019


The Organization for Economic Cooperation and Development reported a change in the forecast for global economic growth in 2019 to 3.3% from a previously predicted rise of 3.5%. The new forecast indicates a significant slowdown in growth compared with last year's rise of 3.6%, which is explained by the likelihood of a further slowdown in world trade, as well as the situation with the release of the UK from the EU. However, in 2020, growth is expected to accelerate to 3.4%. Experts of the Organization have worsened the growth forecast for the eurozone for this year from 1.8% to 1%. The most difficult economic situation will continue in Italy, where GDP is expected to decline by 0.2%. The growth forecast for the USA is lowered slightly - from 2.7% to 2.6%. In China, a slowdown is expected from 6.6% to 6.2%. India will remain the leader of economic growth among the G20 countries, where GDP will grow by 7.2% after rising by 7% in 2018.

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