OECD Warns of Complacency

Complacency by policymakers and a “crisis of trust” in politicians, banks and multinationals are the biggest risks to the global economy this year, the head of the Organisation for Economic Co-operation and Development (OECD) told CNBC.

The warning from OECD Secretary-General Angel Gurria came as the 34-country organization released its annual economic outlook, trimming expectations for global growth for this year and predicting “moderate” economic and trade expansion.

It also forecast a slowdown in the Chinese economy, warned of only modest declines in unemployment and stressed that tighter financial and credit conditions would weigh on emerging economies.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.