OECD has worsened the prospects for next year's economy

The world's economic growth will slow down next year to 3.5 per cent of 3.7 per cent this year. Expected by the Organization for Economic Cooperation and Development (OECD). It has exacerbated its previous prediction, according to which next year's growth rate should remain at this level. The OECD also expects to slow down economic growth in the Czech Republic.

The world's economy, according to the OECD, faces increasing threats, including trade disputes and interest rates hikes. "We call on politicians to help restore confidence in the international-based system of international trade and conduct reforms to promote economic growth and raise living standards," said OECD General Secretary, Ángel Gurría.

The OECD expects economic growth in the eurozone next year to slow down to 1.8 per cent of 1.9 percent this year. In 2020 it should slow down to 1.6 per cent.

So the OECD is a bit more pessimistic than the European Commission (EC). This month, predicting economic growth in the next year's euro area will reach 1.9 per cent and 1.20 per cent will be 2020.

The OECD also expects to slow down economic growth in the United States and China, the two largest economies in the world. Next year, growth in the US should slow to 2.7 per cent of 2.9 percent this year and 6.3 per cent of 6.6 per cent this year.

The growth of the Czech economy this year, according to the OECD, will slow down to three percent by 4.5 per cent last year. Next year, it should be easy to 2.7 percent and 2.6 per cent in 2020.

In the July OECD report, the Czech economy predicts this year's growth by 3.8 per cent and 3.2 per cent next year. Its new growth estimate this year is in line with the forecasts of November of the Czech Ministry of Finance and the European Commission, whereas its estimate for next year is lower than 0.2 percentage points of compared to # 39; this prospect.

The OECD noted that economic growth in the Czech Republic over the next two years will continue strongly despite the slowdown. According to the OECD, consumer spending will continue to be supported by low pay and unemployment growth, but economic growth will slow down labor shortages.