Morning Market Commentary

Today, the Organization for Economic Cooperation and Development lowered it’s global GDP forecast in its semi-annual forecasting to hit 2% this year, 2.2% next and 2.3% in 2017, and part of the organization’s report said that growth in the US would continue to be among the most robust in the group of nations, hitting 2.4% in 2017. It predicted the 19-nation Eurozone would continue to lag behind the US, with growth at 1.5% this year, 1.8% next year and 1.9% in 2017. Lower oil prices and falling unemployment will bolster economic growth in the 34-nation group of developed economies, helping to offset the impact of a slowdown in emerging economies.

110915 CGI Morning Market Commentary