OECD raises 2017 global growth to 3.6% vs 3.5% prior

by | November 28th, 2017, 10:01:33 | Economic Data

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November 2017 forecasts from the OECD

  • 2018 unchanged at 3.7% from Sep
  • US 2017 2.2% vs 2.1% prior. 2018 2.1% vs 1.9% prior
  • Eurozone 2017 2.4% vs 2.1% prior. 2018 2.1% vs 1.9% prior
  • UK 2017 1.5% v s1.6% prior. 2018 1.2% v s1.0% prior
  • Japan 2017 1.5% vs 1.6% prior. 2018 1.2% unch
  • China 2017 6.8% unch.  2018 6.6% unch

Highlights;

  • BOJ will need to rethink mon pol if inflation target is not met for a prolonged time
  • BOJ could become an even more predominant holder of gov debt and compromise financial stability
  • ECB should wait until 2020 before raising key interest rate

A bullish jump in the OECD’s forecasts in the main.

Ryan Littlestone
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