Economists at the Organization of the Petroleum Exporting Countries said they expect the global economy to suffer some pain during the fourth quarter of the year. Its estimate for global crude oil demand was revised lower from the prior month. File photo by Mohamed Messara/EPA-EFE
Nov. 14 (UPI) — While growth has been better than anticipated from the world’s leading economies, a global slowdown is expected to develop during the last few months of the year, OPEC economists said Monday.
The Organization of the Petroleum Exporting Countries released its monthly market report for November on Monday, before the start of the trading day on Wall Street. OPEC economists left all of their forecasts for economic growth in place for this year and next, but said it would be anything but smooth sailing.
“The world economy has entered a period of significant uncertainty and rising…