Economic Growth is Always Around the Corner September 15, 2014Posted by geoff in News.
Well, in the 4 months since May, the Organisation for Economic Cooperation and Development (OECD) has lowered its prediction of US economic growth. Significantly.
…the OECD saw the United States’ economy growing 2.1 percent this year before accelerating to 3.1 percent in 2015. In May the OECD forecast U.S. growth of 2.6 percent this year and 3.5 percent next year.
That means the growth this year will be entirely due to inflation.
At this rate, by next May they’ll be predicting 2.1% growth for 2015 as well.