OECD raises estimates of GDP in 2015 but cuts on 2016 – AGI – Agenzia Journalistic Italy

14:10 September 16, 2015

(AGI) – Rome, Sept. 16 – The OECD cut its estimates on Italian GDP in 2016, now seen up 1.3% from + 1.5% forecast in June. You read it in Interim Global Economic Assessment of the OECD, which in return has revised slightly upwards its estimates for 2015 from + 0.6% to + 0.7%. The global GDP, grew by 3.3% in 2014, and ‘seen expanding by 3% in 2015 (+ 3.1% estimated in June) and 3.6% in 2016 (+ 3.8% June). The downward revision, says the Organization, and ‘mainly due to the slowdown in emerging economies, where growth forecasts have been correct all in the negative.
China and’ expected to grow by 6.7 % in 2015 (+ 6.8% in June) and 6.5% in 2016 (+ 6.7% in June), braking compared to + 7.4% in 2014. Stable outlook of India (+ 7.2% in 2015, the same figure for 2014, and 7.3% in 2016) while the role of ‘sick man’ goes to Brazil, whose economy and ‘laid down by 2.8% in 2015 and the 0.7% in 2016. The Eurozone and
‘instead expected to be up 1.6% this year (+ 1.5% in June) and by 1.9% next year (+ 2.1% in June). If the forecasts for 2015 to France (+ 1%) and Germany (+ 1.6%) are fairly stable, those for 2016 have been revised downwards (from + 1.7% to + 1.4% for the France and from + 2.4% to + 2% for Germany. Unchanged forecasts for the UK (+ 2.4% in 2015 and 2.3% in 2016, while those to the US have been revised upwards for 2015 (from + 2% to + 2.4%) and downward for 2016 (from + 2.8% to + 2.6%). In slight deterioration estimates on Japan (+ 0.6% in in 2015 and 1.2% in 2016, compared with + 0.7% and + 1.4% of forecast in June).
The pace of growth in some advanced economies, particularly in the Eurozone “And ‘disappointing, in light of the favorable factors,” writes the OECD. “The growth in the euro area as a whole is improving, but the recovery remains less advanced negl US,” the document reads, “unemployment remains high and price pressures are low, the increase in the growth rates of the Eurozone (particularly the unexpectedly strong growth in some of the countries most ‘hit of the crisis) and’ encouraging but less than it could have been as winds of Oil prices more ‘low, a euro more’ weak and interest rates more ‘low in the short term. ” In fact, according to the simulations of the OECD, the eurozone growth and ‘less than one percentage point to what might be expected based on these favorable factors.