OECD LOWERS 2020 GLOBAL ECONOMIC GROWTH FORECAST

OECD LOWERS 2020 GLOBAL ECONOMIC GROWTH FORECAST TO 2.4% FROM 2.9% PRIOR

The Organisation for Economic Co-Operation and Development (OCED) lowered its global economic growth forecast for 2020 to 2.4% from 2.9% reported in November amid the coronavirus outbreak, as reported by Reuters.

The OECD also slashed its growth forecast for G20 to 2.7% from 3.2%.

*Key takeaways*

~ OECD sees Chinese economic growth of 4.9% in 2020, down 0.8 percentage points.

~ OECD sees US Economic growth of 1.9% in 2020, down 0.1 percentage points.

~ OECD sees eurozone growth of 0.8% in 2020, down 0.3 percentage points.

~ OECD sees Japanese growth of 0.2% in 2020, down 0.4 percentage points.

~ OECD sees UK growth of 0.8% in 2020, down 0.2 percentage points.