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World Economy on Track for Its Worst Year since 2009, OECD Says

In the News

This year will be the worst for the global economy since the financial crisis, the OECD has predicted, pointing the finger at the US-China trade conflict but also noting the risks from a no-deal Brexit.

The world’s economic output will grow by 2.9 per cent in 2019 and 3 per cent in 2020 – the weakest rates since the contraction in 2009 and lower than the OECD forecast in May.

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