Deficit forcast on Global economy

DeMPBFhUQAA0DHf

Global economy outlook needs to change with fierce trade war of tariff between two giants economy and sanctions on Russia Iran Turkey bring trade deficit in global rating.
OECD’s Chief Economist, Laurence Boone, said, “The landscape has changed and uncertainty has increased. In some countries, they even have materialized and growth is hitting a plateau. I think that’s one of the most important points, it’s we are seeing the rise of protectionism biting on our growth outlook.”

Officials say orders for exports have started to decline in the last few months, and that a slowdown in trade growth will continue.

The OECD expects the world economy to expand 3.7 percent this year. That’s a 0.1 percentage point decline from the last projection in May. And the same figure is expected for next year, representing a 0.2 percentage point cut from the previous estimate.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s