OLIVER MANGAN: Growth may cool but sharp slide unlikely

The latest economic update from the Organisation for Ecomomic Co-Operation and Development (OECD) has seen it revise down its forecasts for global growth for the second time in a couple of months.

It is now forecasting that the world economy will grow by 3.5% in 2019. In its mid-year assessment, it was forecasting 3.9% growth for next year.

This also represents a slower pace of growth than in 2018, with both the OECD and IMF estimating that the world economy will expand by 3.7% this year.

Sign in or register for FREE to continue enjoying and to comment on our great range of opinion writers

Not a member yet? Register here

Related Articles

More in this Section

Irish company introduce stylish solution to hearing problems

Travelodge addition helps lift Tifco hotel profits

Eurozone recession fears on the rise

700 jobs at Limerick firm safe after US vote

More by this author

Dollar set to lose ground this year

Brexit is already weighing on UK economy as it approaches a fork on the road

All eyes on the economic data as the US weighs up next interest rate hike

A balanced property market could still be many years away


Lifestyle

What’s better for your health – sleeping naked or in pyjamas?

More From The Irish Examiner