OECD changes its forecast on global economic growth

Baku. 30 May. REPORT.AZ/ Organization for Economic Co-operation and Development (OECD) has decreased its forecast on world economic growth this year, Reports informs, referring to the foreign media.

According to the report, the organization makes a prognosis that this year economic growth in the world will be 3.8%. The forecast for March, this year was 3.9%.

In particular, the OECD reduced the forecast for Eurozone to 2,2 % decreasing by 0.2%, while maintaining its economic growth forecast at 2.1%.

Economic growth forecast for US has not changed. The OECD predicts that the US economy will grow 2.9% this year, while 2.8% next year.

Notably, global economic growth was 3.7% last year.