Economics
Emerging Markets, Trade Put a Cloud on Global Economy, OECD Says
- Turkey growth forecasts slashed as world outlook lowered
- Predictions for emerging markets sink in latest OECD outlook
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The global economy is shrouded in “high uncertainty” as the outlook for emerging markets deteriorates sharply and trade tensions intensify, the Organization for Economic Cooperation and Development said.
The gloomy analysis has pushed the Paris-based institution to cut its global growth forecasts for this year and next with particularly sharp revisions for Turkey, Argentina, South Africa and Brazil.