OECD - Australia GDP to hit 3% in 2017, China's slide to continue

The OECD has just come out with their latest economic forecasts which point to slowing economic trade but also suggests 2015 marks the low point for Australian GDP growth. The report states,"Global trade, which was already growing slowly over the past few years, appears to have stagnated and even declined since late 2014, with the weakness centering increasingly on emerging markets, particularly China. This is deeply concerning as robust trade and global growth go hand in hand. In 2015 global trade growth is expected to grow by a disappointing 2%. Over the past five decades there have been only five other years in which trade growth has been 2% or less, all of which coincided with a marked downturn of global growth." The report also includes a table of the OECD's economic growth forecasts on a per country basis. It shows Australian GDP bottoming this year and kicking up to 3% in 2017. Their projections for China, however, suggest a continued slowing in this economy. The report is available here: (VIEW LINK)


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