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Policy changes to turn the tide

by Laurence Boone, OECD Chief Economist For the past two years, global growth outcomes and prospects have steadily deteriorated, amidst persistent policy uncertainty and weak trade and investment flows. We now estimate global GDP growth to have been 2.9% this year and project it to remain around 3% for 2020-21, down from the 3.5% rate … More Policy changes to turn the tide

Growth is taking a dangerous downward turn

by Laurence Boone, OECD Chief Economist For over 18 months, since the outbreak of trade hostilities, growth has been weakening, slowly but surely. In May 2018 the OECD, along with other organisations, was predicting global growth of around 4% for 2019, whereas our current forecasts are for growth of below 3%. In the first half … More Growth is taking a dangerous downward turn

Unsatisfactory global growth:  A call to policy action!

    by Catherine L. Mann OECD Chief Economist and Head of the Economics Department   Welcome to the OECD Economics Department’s new ECOSCOPE blog ! Our Interim Economic Outlook launched today shows a troubling picture—world growth stuck at 3% in 2016, and only 3.3% in 2017, with substantial volatility in financial markets raising new … More Unsatisfactory global growth:  A call to policy action!