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September 2018
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Thursday, 13 September 2018 12:22

India – global leader in GDP growth

India – global leader in GDP growth

The global GDP growth forecast remains at 3.8% for 2018 and 3.6% for 2019. In the OECD, growth in the

US is assessed unchanged at 2.9% in 2018 and 2.5% in 2019, Caspian Energy News (http://caspianenergy.net/en/) reports with reference to Monthly Oil Market Report September 2018. Euro-zone growth remains at 2.0% for 2018 and 1.9% for 2019. GDP growth in Japan is revised down by 0.1 pp to 1.1% in both 2018 and 2019.

Meanwhile, in the non-OECD, India’s forecast is revised up to 7.6% for 2018, while remaining unchanged at 7.4% for 2019. China’s GDP growth remains at 6.6% for 2018 and 6.2% for 2019. Growth in Brazil is revised down by 0.4% to reach 1.2% in 2018, but a rebound to 2.0% is anticipated in 2019. Russia’s GDP growth forecast is also revised lower to 1.6% in 2018 and down to 1.7% in 2019.

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