Latest OECD growth forecasts for 2016

  • Global economy 3.0% vs 3.3% prior
  • Eurozone 1.4% vs 1.8% prior
  • Germany 1.3% vs 1.8% prior
  • US 2.0% vs 2.5% prior
  • China unchanged 6.5%
  • Japan 0.6% vs 0.5% prior
  • Says some EM's are vulnerable to sharp FX moves
  • Financial instability risks are substantial

Those are some hefty cuts and only Japan gets a markup.