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OECD says world economy set to grow less than estimated

2015-09-16 57 Dailymotion

The outlook for the world economy is less bright than it was a few months ago, according to the OECD.<br /><br /> The Paris-based Organisation for Economic Cooperation and Development has revised its estimates for growth.<br /><br /> The global economy is set to grow 3.0 percent this year and 3.6 percent in 2016, slightly down from its June forecasts of 3.1 and 3.8 percent respectively.<br /><br /> Global #growth prospects slightly weakened, trade growth stagnating http://t.co/7oDY3kX1ZT #OECD #Economic outlook https://t.co/Lnj2FpCoi8— OECD (@OECD) September 16, 2015<br /> <br /><br /> There are some bright spots. The US economy is set to grow more than was predicted this year, according to the OECD – by 2.4 percent compared to June’s forecast of 2.0 percent.<br /><br /> However it has lowered its forecast for next year, with growth expected to be 2.6 percent compared to 2.8 percent previously.<br /><br /> The outlook in the eurozone is the brightest for four years – with growth forecast at 1.6 percent this year and 1.9 percent in 2016. <br /><br /> But the

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