Global economic growth has peaked and is now slowing as the world faces risks from rising trade tensions and tightening financial conditions, the Organization for Economic Co-operation and Development said Wednesday. The Paris-based think tank trimmed its global growth projection for next year to 3.5 percent from 3.7 percent predicted in May, in its latest Economic Outlook report.
The global economy is forecast to expand 3.5 percent in 2020. The outlook for this year was left unchanged at 3.7 percent. "There are few indications at present that the slowdown will be more severe than projected," OECD Chief Economist Laurence Boone said. "But the risks are high enough to raise the alarm and prepare for any storms ahead. Cooperation on fiscal policy at the global and euro level will be needed."
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Forex News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.