"Global trade flows have fallen dangerously close to levels usually associated with a global recession, although actions taken by China and others should ensure a pick-up in 2016, the OECD said in a report on Monday. The Paris-based Organisation for Economic Co-operation and Development, a think tank funded by wealthy countries, also cut its 2015 growth forecast to 2.9 percent in its bi-annual economic outlook from the 3.0 percent it forecast in September."
"But the organization said it expected global output growth to pick up to 3.3 percent next year helped by stimulus measures in China..."
"Growth in the United States should reach 2.4 percent this year and 2.5 percent next year..."Rate normalization should therefore proceed cautiously, while remaining mindful of the risks of waiting too long...""
"The OECD also trimmed its forecast for the euro zone to 1.5 percent this year and 1.8 percent next year..."
"For China, the OECD raised its 2015 forecast to 6.8 from 6.7 percent and kept its 2016 forecast at 6.5 percent."
See:
OECD
