The OECD has downgraded its global economic growth forecast

By: Trademagazin editor Date: 2019. 09. 19. 11:08

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)

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