We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

May 22, 202411:47pm

OECD projects stable global growth for 2020, but still weak

The global growth is starting to stabilize at “a moderate level”, after slowing the climb on 2018. The OECD also states that global economy will grow a 3.4% by 2020.

May 21, 2019 — 7:30pm

Flags of European Union


The perspective for world’s global economy is starting to improve again. The Organisation for Economic Co-operation and Development (OECD) has presented today its growth previsions for this year and the following one, in which is planning that global economy will grow a 3.2% in 2019, as well as a 3.4% in 2020. This prevision of increase indicates the stabilization of the global’s economy growth, but it is still remaining weak, according to the institution.


Regarding the Euro Zone, the growth will follow the same pattern as the global economy statistic, as stated on the report of the OECD. In fact, for 2019 the Eurozone is expected to increase a 1.2% its growth, while this prevision is risen until 1.4% for 2020, following a similar path as the global prevision. However, regarding 2018, the Euro Zone has suffered a growth stall, considering that the growth prevision for that year was on 1.8%.


This pattern is also followed on the global economy growth prevision. The expected rise for 2019 and 2020 is lower than the one prevised for 2018. That year, the global economy was planned to grow a 3.5%, while this prevision has been reduced for the following years since then. For all, the OECD agrees that the global economy growth “is stabilizing at a moderate level after the drop, but is still remaining weak”. Besides, the OECD also remarks that the global trade growth “has fallen sharply”.


On countries prevision, the GDP forecast for the US is showing a decrease on its growth for 2020. While in 2019 is expected to grow a 2.8%, the forecast shows a growth’s decrease on the US, getting to a prevision of 2.3%. In the UK GDP forecast, which is expected to grow only a 0.98% in 2020, while the OECD expected a growth of 1.40% in 2018. The revision of growth has also been downwards for G20 countries. In 2020, the G20 growth is set on 3.6%, increasing slightly regarding 2019, that was on 3.4%, but descending compared to 2018, when the growth was established on 3.8%.  

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment