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OECD revises global growth rate upwards

Article by Vera Bauer, translated by Susanne Höfler | 14.03.2018 - 13:20

The OECD explains this upwards correction with tax cuts in the United States, amongst other things, which is expected to effect a growth of 2.9%. For Germany, the forecast is a gain of 2.4% instead of the previously announced 2.3%.

Next year, the growth in Germany is expected to amount to +2.2% instead of 1.9%. The OECD lists higher government expenditures by Germany's grand coalition as a reason for this adjustment.