Economics

OECD raises global economic growth forecast for 2018

Eurozone growth in the first half of this year outpaced expectations and became more broad-based across countries.

20.09.2017

The world economy will grow 3.7% next year, the Organisation for Economic Cooperation and Development said, raising June expectations by 0.1 percentage point on a stronger-than-expected performance in the eurozone, Japan and Russia.

The forecast for 2017 was unchanged at 3.5%. Both remain below the 4% "cruising speed" the OECD would like to see, its Chief Economist Catherine L. Mann told a news conference in Paris on Wednesday.