Why the global economy is stuck in a ‘low-growth trap’
The global economy is stuck in a “low-growth trap,” according to an economic outlook from the Organisation for Economic Co-operation and Development Wednesday. It forecast economic growth of only 3 percent in 2016, level with the year prior, and called on governments to boost spending to help stimulate growth.
Click the player above to hear more about the global economy’s “negative feedback loops” and the OECD’s recommendations for policy makers.
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