OECD: Short-term factors slowing world economy

The new OECD report on the growth of developed countries estimates a modest world economic growth, due to a series of short-term risk factors such as Brexit, geopolitical tensions and market volatility.

According to the chief economist of the organization, Catherine Mann, the world economy "has fallen into a low growth trap", so much so that the last OECD Economic Outlook report sees a global GDP growth of 2.1% in 2016 and 3.2% in 2017.

Even conservative estimates for GDP in the OECD area, expected to slow to 1.8% this year and recover to 2.1% in 2017. For the Eurozone is estimated a 1.6% growth and the 1.7% and for the United States by 1.8% and 2%.