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Outlook darkens on global economy, OECD says

Fears of disruption following a Scottish vote for independence and conflicts in the Middle East and Ukraine have damaged prospects for the world economy, the OECD said yesterday.

The outlook had darkened for 2014 and 2015 for almost all the world’s large economies, partly as the result of one-off hits to growth early this year and partly stemming from geopolitical risks, the OECD said in an update to economic forecasts published in May

This marks the first time an international body has warned of the wider consequences to the global economy of a Scottish Yes vote.

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