Global GDP forecast to grow 2.1% in Q1

14:17 | 14/03/2019 Global Economy

The global economy during the first three months of the year is forecast to have expanded in the slowest pace since the financial crisis of 2009.

Photo: Reuters

In a report by Bloomberg released on Monday global GDP is projected to have grown 2.1-percent in Q1 on a quarter-on-quarter annualized basis that's far below than that recorded in the middle of last year, which stood at between three and four percent.

The report cited the OECD's latest composite leading indicator that points to a slowing momentum in the U.S., Britain, Canada and the euro area.

But the report says global growth could pick up in the second quarter as tensions between the U.S. and China subsides.

Theo Arirangnews