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OECD Trims Global Growth Forecast on Emerging-Market Slowdown

  • Russia, Brazil recessions weigh on global growth, trade
  • European refugee crisis may spur euro-area expansion
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OECD: Weak China Import Growth Leads Trade Slowdown

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The OECD trimmed its global economic forecasts for the second time in three months as slower growth in emerging markets spilled over into countries such as Germany and Japan.

World output will expand 2.9 percent in 2015 and 3.3 percent in 2016, down from the 3 percent and 3.6 percent predicted in September, the Organization for Economic Cooperation and Development said in a semi-annual report published Monday.