The Organisation for Economic Co-operation and Development (OECD) became the latest international economic organization to cut its global growth forecast, announcing Thursday that it's dropping expected growth to 2.9% this year, the slowest since the financial crisis.
Why it matters: The designation follows similar moves from the International Monetary Fund, World Bank and a slew of central banks and ratings agencies that slashed their estimations for the world's economic growth this year as data continues to worsen.
Why it matters: The designation follows similar moves from the International Monetary Fund, World Bank and a slew of central banks and ratings agencies that slashed their estimations for the world's economic growth this year as data continues to worsen.