FOREX TradingCharts.com

Financial News: OECD Sees Strength In Global Growth

OECD Sees Strength In Global Growth

11/28/2017 - 05:30:00 (RTTNews)

(RTTNews) - The global economy has strengthened as monetary and fiscal stimulus underpin improvement in growth rates across most countries, the Organisation for Economic Co-operation and Development said in its Economic Outlook, released Tuesday.

The Paris-based think tank forecast global economy to grow 3.6 percent this year, instead of 3.5 percent projected in September. The outlook for 2018 was retained at 3.7 percent.

The global GDP is forecast to expand 3.6 percent in 2019.

In the United States, growth was estimated at 2.2 percent in 2017, rising to 2.5 percent in 2018, then dropping back to 2.1 percent in 2019.

The euro area was expected to grow at a 2.4 percent rate in 2017 and a 2.1 percent pace in 2018, before slowing to a 1.9 percent pace in 2019, the OECD said.

In the United Kingdom, the growth slowdown was expected to continue through 2018, due to continuing uncertainty over the outcome of negotiations around the decision to leave the European Union and the impact of higher inflation on household purchasing power.

The OECD forecast the economy to grow by 1.5 percent this year, 1.2 percent in 2018 and 1.1 percent in 2019.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Tertiary Activity Index Rises More Than Expected In October (02 min(s), 29 sec(s) ago)
(RTTNews) - Japan's tertiary activity index increased at a faster-than-expected pace in Octobe ...Full Story»

Malaysia Industrial Production Growth Eases More Than Forecast (27 min(s), 29 sec(s) ago)
(RTTNews) - Malaysia's industrial production growth eased at a faster-than-expected pace in Oc ...Full Story»

Australia Q3 House Prices Ease 0.2% On Quarter (03 hr(s), 02 min(s), 29 sec(s) ago)
(RTTNews) - Residential property prices in Australia fell 0.2 percent on quarter in the third quar ...Full Story»

Australia Business Confidence Ebbs In November - NAB (03 hr(s), 52 min(s), 29 sec(s) ago)
(RTTNews) - Consumer confidence in Australia slowed in November, the latest survey from National A ...Full Story»

Australia House Prices Slip 0.2% On Quarter In Q3 (04 hr(s), 02 min(s), 29 sec(s) ago)
(RTTNews) - Residential property prices in Australia were down 0.2 percent on quarter in the third ...Full Story»

Japan Producer Prices Rise 0.4% In November (04 hr(s), 32 min(s), 29 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 0.4 percent on month in November, the Bank of Japan s ...Full Story»

ARGENTINA: Rating Upgrade Reflects Reforms, Economic Improvement - Moody's (05 hr(s), 39 min(s), 29 sec(s) ago)
(RTTNews) - Moody's recent rating upgrade of Argentina, to B2 from B3, reflects the Mauricio M ...Full Story»

COLOMBIA: Colcap Rises 1.17% As Ecopetrol Climbs 5.06% (05 hr(s), 44 min(s), 29 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, was rising 1.17% at 1,466.37 p ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Tertiary Activity Index Rises More Than Expected In October

12/11/2017 - 23:47 PM (RTTNews)
(RTTNews) - Japan's tertiary activity index increased at a faster-than-expected pace in Octobe ...Full Story>>

Malaysia Industrial Production Growth Eases More Than Forecast

12/11/2017 - 23:22 PM (RTTNews)
(RTTNews) - Malaysia's industrial production growth eased at a faster-than-expected pace in Oc ...Full Story>>

Australia Q3 House Prices Ease 0.2% On Quarter

12/11/2017 - 20:47 PM (RTTNews)
(RTTNews) - Residential property prices in Australia fell 0.2 percent on quarter in the third quar ...Full Story>>

Australia Business Confidence Ebbs In November - NAB

12/11/2017 - 19:57 PM (RTTNews)
(RTTNews) - Consumer confidence in Australia slowed in November, the latest survey from National A ...Full Story>>

Australia House Prices Slip 0.2% On Quarter In Q3

12/11/2017 - 19:47 PM (RTTNews)
(RTTNews) - Residential property prices in Australia were down 0.2 percent on quarter in the third ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.