The Organization for Economic Cooperation & Development, on Thursday, downgraded it global growth projections for both 2018 and 2019.

According to Interim Economic Outlook, released Thursday, the global economy will grow 3.7 percent each this year and next. In May, the OECD had projected 3.8 percent expansion for 2018 and 3.9 percent for 2019.

The United States will expand 2.9 percent in 2018 and 2.7 percent in 2019, the agency said. China's growth is seen at 6.7 percent this year and 6.4 percent in 2019.- via rttnews