Monday, Aug 26, 2019 | Last Update : 10:34 AM IST

OECD lowers global growth forecast over trade tensions

PTI
Published : Mar 6, 2019, 5:35 pm IST
Updated : Mar 6, 2019, 5:35 pm IST

OECD cut global growth forecast for this year to 3.3 per cent, down from the 3.5 per cent it predicted in November.

(Photo: Wikipedia)
 (Photo: Wikipedia)

Paris: Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned on Wednesday, cutting its global growth forecast for this year to 3.3 per cent, down from the 3.5 per cent it predicted in November.

"High policy uncertainty, ongoing trade tensions, and a further erosion of business and consumer confidence are all contributing to the slowdown," the Organisation for Economic Co-operation and Development said in an interim version of its Economic Outlook.

Tags: organisation for economic co-operation and development, oecd, global trade, political uncertainty, world economy
Location: France, Île-de-France, Paris