Forecast and evolution of GDP according to the OECD in the world's main economies

The OECD believes that global economic growth is strong but has already "reached its peak," as warned this Wednesday, November 21, by the economic officials of this international organization, who presented the updated forecasts for the growth of the world's main economies for this year 2018 and the next two.

The economic challenge is "the design of a soft landing." The OECD forecasts global GDP growth of 3.7% this year 2018 and 3.5% for the years 2019 and 2020, percentages slightly lower than those predicted a few months ago by the OECD itself.

"The global economy is navigating very rough seas," OECD officials said in their statement, denouncing that "global trade and investment have slowed down following the increase in bilateral tariffs, while several emerging market economies are experiencing capital flight and a weakening of their currencies."

In the case of Spain, the OECD has lowered its growth forecasts published six months ago by a couple of tenths. Thus, for this year 2018, a growth of the Spanish economy of 2.6% is finally expected, compared to the 2.8% pointed out half a year ago. The forecast for 2019 also falls from 2.4% six months ago to 2.2% now, and 1.9% in 2020.

In The New Barcelona Post, we have prepared several graphs that show, on the one hand, the forecasts for this year 2018 for the 36 countries that are part of the OECD plus the economies of Argentina, Brazil, China, Colombia, Costa Rica, India, Indonesia, Russia, and South Africa, and on the other, an annual evolution of GDP in all these countries over recent years, as well as the forecast for 2019 and 2020.