OECD sees growth flounder as “globalisation stalls”

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OECD sees growth flounder as “globalisation...
 © BusinessMail 2020
By Leigh Thomas

Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalisation grinds to a halt, the OECD warned on Wednesday.

Long a motor for the global economy, trade growth is set to lag growth in the broader world economy this year, the Organisation for Economic Cooperation and Development said in an update of its main economic forecasts.

“This is well below past norms and implies that globalisation as measured by trade intensity may have stalled,” the Paris-based organisation said.

As a result, the OECD...

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OECD sees growth flounder as “globalisation stalls”

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Article Tags: growth, flounder, globalisation, stalls,