The Organisation for Economic Co-operation and Development (OECD), which revises its figures four times a year, said on Thursday (19.09.2019) that this will be the “lowest global growth since the financial crisis, with risks that continue to increase.”
The institution significantly lowered its forecasts for global economic growth in 2019 and 2020.
Global growth will fall below 3% this year and stand at 2,9%, 0,3% less than the latest forecasts in May.
In 2020, growth will remain at 3% (0,4% less than in May's forecasts), the institution reported, citing the uncertainty caused by Brexit, the trade war and private debt as the main reasons for this reduction in growth.
According to the organization, difficulties continue to accumulate for all the main world economies, especially for those in the Eurozone and the large emerging countries, weighed down by the slowdown in China and the fall in its exports of raw materials..
Germany, Europe's largest economy, has suffered one of the most significant revisions, with growth forecast to fall to 0,5% this year (-0,2%) and 0,6% next year.
For its part, the United States, which was experiencing one of the longest growth cycles in its history, will reach 2,4% this year (-0,4%) and will fall back to 2% in 2020 (-0,3%).
In this context, the institution has mainly reduced its forecasts for emerging countries, especially India, with growth of 5,9% (-1,3%) this year and 6,3% in 2020 (1,1%).
The most critical situation is that of Argentina, in the midst of an economic and financial crisis., which will experience a recession of 2,7% of its GDP this year, and 1,8% next year.
? The global #economy you have become increasingly fragile and uncertain, with #growth slowing and downside risks continuing to mount.
Find out more in our latest Interim #EconomicOutlook ➡️ https://t.co/QKixmz5XUi pic.twitter.com/XH87GK6sBi
— OECD ➡️ Better policies for better lives (@OECD) September 19, 2019
Aduana News foi o primeiro jornal aduaneiro da Argentina a lançar sua versão digital. Com mais de 20 anos de trajetória, suas publicações e iniciativas têm como objetivo oferecer o conhecimento mais relevante sobre temas aduaneiros, contribuindo para a promoção do comércio seguro e da facilitação do comércio na região.
