‘We Are Heading For A Long-Term Future Of Declining Living Standards’: OECD

Back in September, the OECD called for urgent action to address the myriad headwinds to the global economy, and while monetary policy continues to work towards bolstering growth using the increasingly limited ammo at its disposal, the situation remains troublesome. On Thursday, the organization — whose tagline “Better policies for better lives” contrasts sharply with the Trump administration’s “Deranged jingoism for a miserable world” — reiterated its forecast of 2.9% growth for t