November 26, 2019
The world's economy is set to grow at its slowest pace since the global financial crisis a decade ago, according to the OECD, a group of industrialized nations. The gloomy report says governments aren't doing enough to deal with big structural changes like US-China trade tensions, climate change, or the digital revolution. The last time the global economy nose-dived countries were able to muster enough collaboration to coordinate a global response. But given the profound dysfunction of the international order these days, it's hard to imagine countries doing the same again if things take a turn for the worse. Here's a look at global GDP growth over the past decade as measured by the OECD.
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