Political crises and weakening global demand have hit the growth prospects of the EU's top two economies, OECD says. It warned that the incoming Trump administration and trade tensions could disrupt the world economy.

The OECD has trimmed its forecast for German economic growth next year due to political uncertainty and tight fiscal policy, while still anticipating stagnation this year, it said on Wednesday. The world's third-largest economy is expected to grow by 0.

The Organization for Economic Cooperation and Development (OECD) has once again lowered its economic forecast for Germany, even as it predicted growth of 3.3% in the global economy next year. The Paris-based organization said on Wednesday that German gross domestic product (GDP) would grow 0.