Global Economy in “Low-Growth Trap” – Wells Fargo

Research Team at Wells Fargo Securities, suggests that the Organisation for Economic Cooperation and Development (OECD) released its semi-annual forecast this week and said the global economy is stuck in a “low-growth trap.”

Key Quotes

“As if to underscore the OECD’s point, Switzerland reported this week that real GDP was up only 0.7 percent on a year-ago basis in Q1, although Australia and India reported stronger results.

The OECD said that monetary policy has become overtaxed, and it implored governments to turn to fiscal and structural policies in an effort to jumpstart economic growth.”