PARIS: The global economy will grow close to 4% this year and next, better than previously anticipated, according to the Organisation for Economic Co-operation and Development (OECD), which added a warning that a trade war could roll back the gains seen in recent years.
Upgrading its forecasts, the Paris-based group in part cited US tax cuts for the better numbers. It sees the world economy expanding 3.9% in both 2018 and 2019, the strongest since 2011. That’s up from 3.7% and 3.6% respectively compared with its November projections.