The OECD has downgraded its global economic growth forecast

The OECD has lowered its earlier forecast of growth in the world economy this year to the lowest level since the financial crisis of 2008-2009, due to growing trade conflicts and uncertainty in emerging markets.

The report does not deal specifically with Hungary.

The Organization for Economic Co-operation and Development (OECD) expects economic growth of 2.9 percent this year instead of 3.2 percent previously forecasted in May – according to its latest forecast released on Thursday. (MTI)