OECD sees global growth moderating as uncertainties intensify
The global economic expansion appears to have peaked, with diverging growth prospects worldwide and intensifying risks, according to the OECD’s latest Interim Economic Outlook.
Economic growth prospects are now slightly weaker across the board than anticipated in May, when the OECD released its latest Economic Outlook. Escalating trade tensions, tightening financial conditions in emerging markets and political risks could further undermine strong and sustainable medium-term growth worldwide.
The OECD projects that the global economy will grow by 3.7 percent in both 2018 and 2019, with rising differences across countries, in contrast to the broad-based expansion seen in the latter part of 2017 and earlier this year. Confidence has weakened, trade and investment growth have proven slower than anticipated and wage growth has remained modest across most countries despite OECD-wide unemployment having fallen below pre-crisis rates. The outlook and projections reflect a downward revision of the global economy since the previous Economic Outlook in May 2018, and cover all G20 economies.
Read more on the website of the OECD
Read the Country note about Sweden
