OECD cuts global growth forecast over trade tensions, Brexit uncertainty

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Trade tensions and political uncertainty, including Brexit, are weighing on the world’s economy, the Organisation for Economic Co-operation and Development (OECD) warned as it again cut its 2019 forecast for global economic growth to 3.3% for the current year, down from 3.5% it predicted earlier. “High policy uncertainty, ongoing trade tensions, and a further erosion […]

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Emerging Asian economies to drive increase in world energy use to 2040, says EIA

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World energy consumption is projected to increase by 28% by 2040, according to the International Energy Outlook 2017, released by the U.S. Energy Information Administration (EIA). Most of the world’s growth in energy demand is projected to take place in countries outside of the Organization for Economic Cooperation and Development (OECD). China and the other non-OECD […]

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Slower growth in demand keeping world food prices low, report says.

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Global food commodity prices are projected to remain low over the next decade compared to previous peaks, as demand growth in a number of emerging economies is expected to slow down and biofuel policies have a diminished impact on markets, according to the latest 10-year agricultural outlook published today by the OECD and FAO. The OECD-FAO […]

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Better but not good enough, OECD says of the global economic growth in latest outlook

The global economy is expected to pick up moderately but greater efforts are needed to ensure that the benefits from growth and globalisation are more widely shared, according to the OECD’s latest Economic Outlook. “After five years of weak growth, there are signs of improvement,” OECD Secretary-General Angel Gurría said while launching the Outlook during the […]

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Strong growth has raised incomes and reduced poverty in India, but challenges remain, OECD

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The Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide, but further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it, according to a new report from the OECD. The latest OECD Economic Survey of India finds that the acceleration of structural reforms and […]

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India’s demand for green energy is expected to grow sevenfold by 2035: BP Energy Outlook

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Renewable energy is set to overtake India’s oil output in 2035, but it may not be enough to meet India’s growing need for energy with the country’s demand growth, BP’s latest Energy Outlook said. India’s demand for green energy is expected to grow by seven times in 2035, but India’s energy consumption is expected to […]

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