- (Reuters) - Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalisation grinds to a halt, the OECD warned on Wednesday. Long a motor for the global economy, trade growth is set to lag growth in the broader world economy this year, the Organisation for Economic Cooperation and Development said in an update of its main economic forecasts. "This is well below past norms and implies that globalisation as measured by trade intensity may have stalled," the Paris-based organisation said. As a result, the OECD estimated the global economy would muster growth of only 2.9 percent this year, down from a forecast of 3.0 percent in its last estimates in June and the lowest rate since the global financial crisis of 2008-2009.Business Insider
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