OECD Warns Increased Risks To Global Outlook

The Organization for Economic Cooperation and Development (OECD) has warned that risks to the global outlook have increased.

The OECD in a new report said prospects have steadily deteriorated.

It now expects economic activity around the world to expand by 2.9 percent next year, a decline of 0.1 percentage points from a previous forecast issued in September.

Growth was likely to remain slow, it said, with expansion in 2020-2021 seen at around 3 percent, down from a 3.5 percent rate projected only a year ago.

The report said a lack of direction on climate policy is holding back business investment.

Nigel Bell, Readers Bureau, Fellow

Edited by Jesus Chan

Do you want to add feedback to this story?

Please add a comment in the e-mail box below or send email to

Like our Facebook page

Follow us on Twitter