Home News OECD reduced economical growth forecast again

OECD reduced economical growth forecast again


The Organisation for Economic Co-operation and Development (OECD) reduced its global economic growth forecast by 3.3% for 2019 and 3.4% for 2020 on its interim Outlook report.

The Outlook was 0.02% higher for 2019 and 0.02% higher for 2020 on OECD’s November report.

OECD stated in the report that “high policy uncertainty, ongoing trade tensions, and further erosion of business and consumer confidence are all contributing to the slowdown.”

It is also indicated that the Brexit uncertainty, trade tensions between the U.S and China and the recession in Italy have an impact on the European economy.






Source: Reuters
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Previous articleWhat are the requirements to benefit from Unemployment Pay in Turkey?
Next articleWhat is the VAT rate for properties that are company’s assets for less than 2 years?


Please enter your comment!
Please enter your name here