World output will probably grow 3.7% in 2018, the best in years, before slowing to 3.6% in 2019, says OECD in a semi-annual report. World output will probably grow 3.7% in 2018, the best in years, before slowing to 3.6% in 2019, OECD said Tuesday in a semi-annual report. US growth is predicted to accelerate in 2018, while other major economies will face slowing growth and the UK already is on a downward trajectory. Still, the OECD forecasts India and Brazil will buck the global trend, with GDP (gross domestic product) set to pick up through 2019. It may be “the peak of the cycle,” OECD chief economist Catherine Mann said in an interview.

Source: Mint November 28, 2017 21:22 UTC