Global economy faces low growth in next year, says OECD

Paris-based Organisation for Economic Cooperation & Development says China slowdown and uneven data for other large markets will cause uncertainty

The world economy appears to be suffering a slowdown in growth that will stretch through the rest of the year and 2016, according to a report by the Organisation for Economic Cooperation & Development.

Heightening concerns that a period of "secular stagnation" is about to dampen the prospects for global growth, the Paris-based thinktank said China's economy was flagging and recent stock market turmoil had exposed the fragility of many emerging market economies.