On December 12, 2018, the Organization of the Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report predicted the global economic growth to be 3.7% for 2018 and 3.5% for 2019. The growth in the United States and in the Euro-zone remains unchanged, standing at 2.9 percent and 1.9 percent for 2018, and at 2.6 percent and 1.7 percent for 2019. It decreased forecast for Japan to 1.0 percent for 2018 and 1.1% for 2019. India‘s and China’s growth forecasts remain unchanged at 7.5 percent and 6.5 percent for 2018, and at 7.2 percent and 6.1 percent for 2019 respectively. Growth of Brazil also remains unchanged, standing at 1.1 percent for 2018 and at 1.8 percent for 2019.