Predicted by the experts of the Organization for economic cooperation and development figure - the highest since 2011. However, the United States announced duties on imports of steel and aluminium specialists consider "significant risk".
Despite the threat of a global trade war, in 2018, the world economy will grow by 3.9%. This forecast is contained in the interim report of the Organization for economic cooperation and development (OECD) released Tuesday, March 13. This is the highest rate in 2011, experts say.
Such pace will continue in 2019, said the chief OECD economist Alvaro Pereira. Previous forecast - 3.6% - was adjusted for the "return the world to the more familiar conditions," says Pereira.
The world economy remains sensitive to the tension in international trade, the authors of the document. In particular, the United States announced duties on imports of steel and aluminum "could hinder the recovery" because they represent "significant risk", said the chief economist of the OECD. The countries with the developed metallurgical industry are recommended to pay attention to used in the world, "the decision to reduce excess capacity".
The OECD report also contains data on regions, the authors note. Thus, the economic growth forecast for the U.S. increased to 2.9% in 2018 and to 2.8% for 2019. Favourable market conditions and rising inflation mean that the Federal reserve (fed) will raise the base rate four times instead of the intended three promotions, experts say.
In turn, in the Euro area the slowdown in economic growth. The OECD reduced the original forecast by 0.2 percentage points, the report said. Thus, in 2018, the Eurozone economy will grow by 2.3%, and in the following - 2,1%.
Source: Russian service DW
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