World Economic Growth is Slowing

When gas prices start declining at the pump, as they have this fall, that sometimes means that the world economy is slowing. When U.S. exports decline, as they did in September, that sometimes means that the world economy is slowing. The latest indication of a slowing world economy comes from a November 19 report from the OECD (Organization for Economic Cooperation and Development), Europe's leading economic analytical agency that tracks world economic data. It predicts that, by the time growth is calculated for 2013, world economic growth will increase just 2.7%, down from a 3.1% increase last year. There appears to be a consistent trend of declining world economic growth: 2010 - 4.9% growth 2011 - 3.7% growth 2012 - 3.1% growth 2013 - 2.7% growth The OECD made a rosy prediction for 3.6% world economic growth in 2014. But last year, at this time, they were predicting that world economic growth would rise to 3.4% in 2013, although it actually fell to about 2.7%. So why is...(Read Full Article)

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