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OECD sees trade boosting global growth to seven-year high

Reuters  |  PARIS 

By Leigh ThomasPARIS (Reuters) - The global economy will see its strongest growth in seven years in 2018 thanks to a rebound in trade and investment, the OECD said on Tuesday, while also warning a trade war could threaten the improved outlook.Updating its outlook for G20 economies, the Organisation for Economic Cooperation and Development raised its global growth forecast for both 2018 and 2019 to 3.9 percent - the highest since 2011 - from a previous estimate of 3.6 percent for both years.The raised forecast was in part due to expectations that U.S. tax cuts would boost the world's biggest ...

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First Published: Tue, March 13 2018. 15:40 IST