The Organisation for Economic Co-operation and Development (OECD) cut its forecast for Canada this year and no longer expects that the country has an economic growth of 1.1%, weakening conditions in recent months which affected several countries in the world.
The organization based in Paris, which previously was counting on an economic growth of 1.5% in Canada in 2015, explained that the drop in prices of oil, coal and metals was a hard blow to the economies that depend heavily on exports natural resources, such as Canada and Australia.
The OECD has also reduced its economic growth forecast for Canada to 2.1% for next year, a decrease of 0.2% compared to its previous outlook issued in June.
Global economic growth should in turn be at 3.0% this year, the OECD has calculated that previously was an increase of 3.1% in this regard. For next year, global growth is estimated at 3.6%, down 0.2% from the forecast in June.
The forecasts for several countries have been revised downward, especially those for Japan, for China, for France, for India and for Brazil, but were partially offset by higher growth prospects States STATES that year.
According to the OECD, growth in the US economy is expected to reach 2.4% this year, 0.4% more than previously expected. For 2016, the OECD has revised down its forecast by 0.2 point to 2.6% for the United States – which remains the best growth in developed economies.