OECD head says sees further cut to global growth forecasts

The Organisation for Economic Co-operation and Development intends to cut its forecasts for global growth with significant cuts to its outlook for some regions, the secretary general of the Paris-based think tank said on Monday. 

PHOTO: AFP

SEP 15, 20157:27 PM

[DUBLIN] The Organisation for Economic Co-operation and Development intends to cut its forecasts for global growth with significant cuts to its outlook for some regions, the secretary general of the Paris-based think tank said on Monday.

In June, the OECD cut its 2015 growth forecast to 3.1 per cent from the 3.7 pe rcent it was forecasting last November. It is due to release new forecasts on Tuesday. "We are going to put out numbers with maybe a bit of a cut in terms of the outlook, and in some regions of the world, a little bit more than a small cut," OECD Secretary-General Angel Gurria said in Dublin at a briefing on the Irish economy.

REUTERS