OECD Lowers Global Growth Forecast to 3.3 Percent for 2019

• The Organisation for Economic Co-operation and Development, OECD, has once again cut its 2019 forecast for global economic growth by 0.2 percentage points at 3.3 percent due to ongoing trade tensions and Brexit uncertainty.

• The organisation had earlier predicted 3.5 percent growth in November 2018, which was itself a downgrade from a previous 3.7 percent.

• The interim version of Economic Outlook of OECD was released on March 6, 2019.

• For 2020, OECD has also cut global growth forecast by 0.1 percentage point at 3.4 percent