The Organization for Economic Co-operation and Development (OECD) has revised the real world GDP growth for 2017 by 0.1% as compared to September estimations to 3.3%, according to OECD November Global Economic Outlook.
The forecasts for 2016 were kept at 2.9%. In 2015 the world real GDP growth totaled 3.1%.
The world GDP growth is expected to reach 3.6% in 2018, according to OECD.
The Organization for Economic Co-operation and Development is an intergovernmental economic organization with 35 member countries, founded in 1961 to stimulate economic progress and world trade.
It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members. (Trend/Business World Magazine)
