barely Two months after his last panorama of the economic situation, the Organization for economic cooperation and development (OECD) lowered its forecasts for global growth, which is already in a phase of slowdown. “We no longer speak of a plateau but a peak of growth,” says its chief economist, Laurence Boone.
“We no longer speak of a plateau but a peak of growth”
The euro zone is not immune. The OECD, which called in may for an increase in GDP of 2.1 %, and 1.9 % in September, anticipates now 1.8% in 2019 and 1.6% in 2020, according to its first projections. In question, the brutal stop of the locomotive in germany. Germany recorded a decline in activity between July and September, following sixteen consecutive quarters in the green. Certainly, under the effect of the economic cycle of a slump in the automotive sector due to the entry into force of environmental standards. But the signal is negative. Result, Germany has one of the downward revisions to the strongest: the …
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