OECD revises 2017 global economic growth forecast
Baku, Azerbaijan, Nov.28
By Leman Zeynalova – Trend:
The Organization for Economic Co-operation and Development (OECD) has revised the real world GDP growth for 2017 by 0.1 percentage points as compared to September estimations to 3.3 percent, according to OECD November Global Economic Outlook.
The forecasts for 2016 were kept at 2.9 percent. This is while the world real GDP growth totaled 3.1 percent in 2015.
The world GDP growth is expected to reach 3.6 percent in 2018, according to OECD.
The Organization for Economic Co-operation and Development is an intergovernmental economic organization with 35 member countries, founded in 1961 to stimulate economic progress and world trade.
It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members.