OECD cuts 2019 global growth forecast to 2.9% from 3.2%
|In its latest report, the Organization for Economic Co-operation and Development (OECD) cut its forecasts for the global economy, with further headlines found below.
2019 global GDP growth at 2.9% (previously 3.2%)
2020 global GDP growth at 3.0% (previously 3.4%)
2019 US GDP growth at 2.4% (previously 2.8%)
2020 US GDP growth at 2.0% (previously 2.3%)
2019 China GDP growth at 6.1% (previously 6.2%)
2020 China GDP growth at 5.7% (previously 6.0%)
2019 Eurozone GDP growth at 1.1% (previously 1.2%)
2020 Eurozone GDP growth at 1.0% (previously 1.4%)
2019 Japan GDP growth at 1.0% (previously 0.7%)
2020 Japan GDP growth at 0.6% (unchanged)
2019 UK GDP growth at 1.0% (previously 1.2%)
2020 UK GDP growth at 0.9% (previously 1.0%)
The downward revisions to the global growth forecasts by the OECD have a little market reaction, as the European equities trade with modest gains while Wall Street futures keep the red ahead of the BOE rate decision and US macro news.
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