U.S. Economy Predicted to Have Highest Growth Among Developed Nations
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The Organisation for Economic Co-operation and Development (OECD) predicts that the United States (US) economy will grow by 2.8% in 2019. While this growth rate is lower than the 2.9% achieved in 2018, the US still records the highest growth among OECD member countries.
South Korea will be in second place with projected economic growth of 2.4% in 2019. Australia is in third place with economic growth of 2.3% this year.
In Europe, economic growth this year is expected to slow to 1.2% from 1.8% in 2018. France recorded the highest growth in the Eurozone, at 1.3%. The German economy is predicted to grow by only 0.7%, while the Italian economy is stagnant.
(Read Databoks: [Impact of Trade War, OECD Projects Global Economy to Grow Only 3.2%](https://databoks.katadata.co.id/datapublish/2019/05/22/dampak-perang-dagang-oecd-proyeksikan-ekonomi-global-hanya-tumbuh-32))
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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