OECD warns on global slowdown


The global economic recovery may be slowing faster than thought, the Organisation for Economic Cooperation and Development (OECD) cautioned on Thursday.

The OECD said that it now expected annual growth in the second half of the year to be 1.5% for the G7 economies, down from the 1.75% forecast in May.

The OECD viewed the loss of momentum as temporary and said, while uncertainty had increased, another downturn was unlikely. Anaemic consumer demand would likely be offset by robust corporate profit

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: