OECD next year global growth forecast 0.1 point downward revision November 22 5:55
The OECD released the latest global economic outlook and revised the global growth rate forecast next year down 0.1 points. He points out that low growth is taking root because of the effects of trade friction between the United States and China.
According to the latest forecast announced by the OECD on the 21st, the global economic growth rate was 2.9% in real terms in the next year and 2020, which was revised downward by 0.1 points from the previous forecast in September.
In addition, the economic growth rate outlook for the next year and 2021, which was shown for the first time, was set at 3.0%.
This is because the global trade slump continues against the backdrop of trade friction between the United States and China, and the OECD points out that “low growth is taking root”.
Japan's economic growth rate was 0.6% in the next year and 2020, maintaining the previous forecast. This is because the government's economic measures can be expected, although the consumption tax rate has been raised.
On the other hand, in the next year and 2021, only 0.7% is expected.
The OECD says that global economic growth may be further weakened if risks become reality, such as further tightening of trade regulations.