The OECD downgraded China's GDP growth in 2015 to 6.8%

Almaty. June 3. Silkroadnews - Organization for Economic Cooperation and Development (OECD) downgraded the growth of the world economy in 2015-2016, noting, in particular, the low level of investment in many countries, reported "Vesti.Ekonomika".
"According to the OECD forecast, global GDP growth this year will be at 3.1% and will accelerate to 3.8% in 2016, while in November forecast assumed an increase in the organization of the economy, respectively at 3.6% and 3.9%" - says the publication.
Worsening of forecasts happened due to unexpectedly weak dynamics of the world economy in the I quarter of 2015. Growth drivers, according to experts, are the low oil prices, the program of quantitative easing (QE), implemented a number of central banks, as well as the completion of the fiscal consolidation in major economies.
"World economic growth will gradually accelerate, approaching the pre-crisis trend by the end of 2016, as activity becomes more even in large countries", - says the report of the OECD.
According to experts, the labor markets of the developed countries are gradually recovering and deflation risks have decreased. The organization pointed out that the weak level of investments in many countries constrain consumption growth, creating jobs and increasing wages, which undermines the prospects for sustained growth in the euro zone economy in the long run.
US GDP growth forecast for this year is downgraded to 2% from 3.1%, in 2016 - to 2.8% from 3%. Eurozone GDP growth forecasted for 2015 raised to 1.4% from 1.1% in 2016 - to 2.1% from 1.7%.
Japan's GDP this year will increase by 0.7% (previous forecast - 0.8%), China's economy will grow by 6.8% (7.1%) and 6.7% (6.9%), respectively.
OECD experts have noted that the decline in outlook, reflects the ongoing restructuring of the Chinese economy.