>>
Home / Knowledge / News / Textiles / Global growth slowing amid rising trade, risks: OECD

Global growth slowing amid rising trade, risks: OECD

28
Nov '18
Global growth slowing amid rising trade, risks: OECD
Global economic growth remains strong but has passed its recent peak and faces escalating risks, including rising trade tensions and tightening financial conditions, says the latest Economic Outlook by the Organisation for Economic Cooperation and Development (OECD), Paris. Growth forecasts for 2019 have been revised down for most of the world’s major economies.

Global gross domestic product (GDP) is now expected to expand by 3.5 per cent next year, compared with the 3.7 per cent forecast in last May’s Outlook, and by 3.5 per cent in 2020, according to an OECD press release.

In many countries, unemployment is at record lows and labour shortages are beginning to emerge. But rising risks could undermine the projected soft landing from the slowdown. Trade growth and investment have been slackening on the back of tariff hikes.

Higher interest rates and an appreciating US dollar have resulted in an outflow of capital from emerging economies and are weakening their currencies. Monetary and fiscal stimulus is being withdrawn progressively in the OECD area, the report says.

The shakier outlook in 2019 reflects deteriorating prospects, principally in emerging markets such as Turkey, Argentina and Brazil, while the further slowdown in 2020 is more a reflection of developments in advanced economies as slower trade and lower fiscal and monetary support take their toll.

Trade tensions are already harming global GDP and trade, and estimates that if the US hikes tariffs on all Chinese goods to 25 per cent, with retaliatory action being taken by China, world economic activity could be much weaker, says the report.

By 2021, world GDP would be hit by 0.5 per cent, by an estimated 0.8 per cent in the United States and by 1 per cent in China. Greater uncertainty would add to these negative effects and result in weaker investment around the world.

The report also shows that annual shipping traffic growth at container ports, which represents around 80 per cent of international merchandise trade, has fallen to below 3 per cent from close to 6 per cent in 2017. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 27th May 2022

Material supply shortage hits Vietnam’s textile exports

Vietnamese textile firms are concerned over tight material supply...

Pic: Shutterstock

Textiles | On 27th May 2022

Global crises lead to deterioration in labour market recovery: ILO

Multiple global crises are resulting in a marked deterioration in the ...

Pic: Shutterstock

Textiles | On 27th May 2022

New manufacturing orders fall for 1st time in eurozone since June 2020

Eurozone economic growth remained robust in May despite headwinds...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Folker Stachetzki,

Folker Stachetzki

Brother Internationale Industriemaschinen GmbH, the European subsidiary of ...

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Sarah Bellos,

Sarah Bellos

Stony Creek Colors was started in 2012 to build a new future for natural...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Frederick Anderson, Brand - Frederick Anderson

Frederick Anderson
Brand - Frederick Anderson

New York-based designer Frederick Anderson has been in the fashion...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Amar Pawar & Raghavendra Pawar, Brand - Powerlook

Amar Pawar & Raghavendra Pawar
Brand - Powerlook

Powerlook, co-founded by Amar Pawar and Raghavendra Pawar, offers men’s...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Lisa S.P.A.
OVS Hong Kong Sourcing Ltd.
The Top Form Brassiere Manufacturing Company Limited
G.A.S. unternehmenskommunikation gmbh
NITI Aayog
Grasim Industries Limited
Gloria Jeans
Nihalani Events Management
Arvind Limited
Thai Acrylic Fibre Company Limited
Aleph Srl
BRINKMANN GMBH
Lenzing Aktiengesellschaft - India
Sateri (Jiujiang) Fiber Co.,Ltd
LC Waikiki
SHAHI Exports Pvt Ltd
Loris Bellini S.r.l.
John Varvatos
Hela Clothing Pvt Ltd
Tradewind International Servicing
Guess Europe Sagl,
Calvin Klein
Lottmann Communications
TESTEX AG, Swiss Textile Testing Institute
Permoda(Koaj/Armi/Pronto/Bkul)
JES MEDIA, INC
Xtema - Thomas Lebherz Textilmaschinen
Shanghai  Aige Exhibition Service Co., Ltd
Shima Seiki Mfg. Ltd.
The LYCRA Company Singapore  Pte. Ltd
Saurer Textile Solutions Pvt. Ltd.
Landmark Group
Desigual - ABASIC, S.A.
Mesdan SPA
USTER
Eurofins BLC Leather Technology Centre Ltd
Pt. Peraga Nusantara Jaya Sakti
IIGM Private Limited
Sportmaster Ltd.
Target Corporation (MN)
Weitmann & Konrad GmbH & Co. KG
Aquarelle Clothing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Kern – Liebers Textile
Green Fibre
Palexpo SA
Centric Software
Thermore (Far East) Ltd.
Chico’ FAS
Seasalt Limited
Haelixa AG
Itema Weaving (India) Private Limited
Officina Meccanica Dora Enrico Srl
Gap International Sourcing Limited
Lacoste (Wanchai)
Gokaldas Exports Limited
X-Rite Asia Pacific Limited (HK)
Vianney Textil Hogar S.A. De C.V.
Lululemon Athletica Inc
Hirdaramani International Export Private Limited
Decathlon
Jiangsu Yingyang Nonwoven Machinery Company Limited
KIABI
Chori Company Limited
Splash
Tchibo GmbH
Lectra Technologies India Pvt Ltd.
VNU Exhibitions Asia
Zünd Systemtechnik AG
Datacolor AG Europe
Asos
Maceton Limited
Thai Trade Center
Rosset ;& Cia Limited
Infor (Hong Kong) Limited
Under Armour Global Sourcing Ltd
GIOVANNI BOZZETTO S.p.A.
China World International Exhibition Company Limited
Lenzing Aktiengesellschaft
H;&M Hennes ;& Mauritz (Far East) Ltd
Copenhagen Fashion Summit
UBM China (Shanghai)
Amazon China
Datatex Consulting Srl
Zydex Industries
Vardhman Textile Ltd
Indo Tex
Sportswear Company Spa
Nandan Denim Limited
APLF Limited
Dow Silicones Corporation
C;&A Sourcing International Ltd
Reiter India Private Limited
Helly Hansen Far East Ltd
Abit
N9 World Technologies Private Limited
Varner AS Retail
Phong Phu international JSC (PPJ)
Groz-Beckert KG
ZAITEX spa
Puma
IDH – The Sustainable Trade Initiative
Babyshop
Walmart
Tory Burch Hong Kong Ltd
Groz-Beckert East Asia LLP
Etam Group Strategy Hong Kong Limited
Gatsby Africa
Brandix Lanka Limited
Taiwan Textile Federation (TTF)
K AND D ITMACH EXPOSITIONS LLP
Jindal Worldwide Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
DyStar India Pvt. Ltd
Stahl Holdings B.V.,
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Alison Hayes Romania
J ;& P Coats
Messe Frankfurt Exhibition GmbH
Esprit Europe Services GmbH
CGS Inc.
Restoque S.A.
H. Stoll AG & Company KG
Bluesign Technologies Ag
FULGAR SpA
Coats Digital Limited
Meera Dyestuff Industries
Istanbul Fuarcilik A.S.
Page Industries Limited (Bangalore)
BTC Textiles LLC
Brückner Trockentechnik GmbH & Co. KG
DuPont de Nemours, Inc.,
Lifestyle
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
ITMA Services Pte Ltd
Inter Expo Center Ltd.
Rayonese Textile Inc., Division de Culp Inc.
PVH Corporation
IFF Media Ag - International Media Services
TESCO INTERNATIONAL SOURCING LIMITED
T.T. Limited
Performance Days
International Sourcing Expo Australia
GERBER TECHNOLOGY LTD.
FESPA (Reigate)
Savio Macchine Tessili S.P.A.
EPCH
MAS Active / MAS Kreeda / MAS Bodyline
Woolmark Services India Pvt. Ltd.
Aramark Uniform ;& Career Apparel, LLC
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Tommy Hilfiger
Recron Polyester from Reliance Industries Limited
Newtech Textile Technology Development (Shanghai) Company Limited
Tuyap Tum Fuarcilik Yapim A.S.
Boardriders Asia Sourcing Limited
Huntsman (Singapore) Pte Ltd
BIANCA
BTSR International S.P.A.
BIMBA ;& LOLA SL
Alix Partners
SYNERGIES HONG KONG LIMITED
Rieter India Private Limited
Comasia Limited
Kornit Digital Asia Pacific Ltd
Eastman Chemical Company
Equinox Impex India
Applied DNA Sciences Inc
Messe Duesseldorf
TÜYAP IHTISAS FUARLARI A.S.
IKEA of Sweden AB
Karl Mayer Textilmaschinenfabrik GmbH
Flainox S.r.l.
EUROVET ASIA LTD
Bluestem Global Sourcing Limited
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Colours India Inc
Mayer & Cie. GmbH & Co. KG
CSGIA(China Screen Printing & Graphic Imaging Association)
KAS Direct Sourcing
Marzoli Machines Textile s.r.l.
Benetton Group
Indofil Industries Limited - Specialty & Performance Chemicals Division
EMBEE CORPORATION
Italian Trade Commission
Recron Polyester from Reliance Industries Limited
TEXVALLEY MARKET LIMITED
G-Star Raw C.V.
Midas Clothing Limited
Truetzschler India Private Limited
Color Service s.r.l.
Cat Tuong Real Estate Group Joint Stock Company
The LYCRA Company Singapore  Pte. Ltd
International Textile Manufacturers Federation
GHCL LIMITED
NV Michel Van de Wiele
COTTON COUNCIL INTERNATIONAL
Sainsbury's Argos Asia Limited

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search