Business investment rates in most large economies remain too low to keep the global economy powering forward for long, the Organisation for Economic Cooperation and Development warned on Tuesday.
In its latest Economic Outlook, the club of mostly rich nations said the momentum and high global growth rates would continue next year but fade in 2019 unless investment improved.
Catherine Mann, chief economist, said: “Policy is currently stimulative but in the absence of structural reforms we won’t get the private sector investment to get the productivity improvements we need.”
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