OECD warns global growth ‘weakest since financial crisis’
The organisation now expects world economic activity to expand by just 2.9% in 2020, due largely to the US-China trade war
21 November 2019 - 17:14
Paris — The Organisation for Economic Co-operation and Development (OECD) trimmed its outlook for the global economy on Thursday, saying the world was headed for its weakest economic growth since the 2007/2008 financial crisis.
Urging governments to invest in digital and climate transformation, the OECD said activity has been hobbled by weaker trade and investment in the past two years, as US President Donald Trump and Chinese leaders continue to be locked in a trade conflict...
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