OECD Bets On China To Help Restore Global GDP

The Organization for Economic Cooperation and Development (OECD) is predicting that a robust recovery in China should help global GDP recover to pre-pandemic levels by the end of next year.

The OECD released its latest forecasts in a report recently.

The organization’s chief economist Laurence Boone says progress with vaccines and treatment have lifted expectations and uncertainty has receded.

But a resurgence of COVID-19 in Europe and the United States has clouded the outlook, and the OECD is warning governments not to withdraw their assistance to struggling workers and businesses too soon.

Pollyanna Davy, Readers Bureau, Contributor

Edited by Jesus Chan

Do you want to add feedback to this story?

Please add a comment in the box below or send an email to info@thereadersbureau.comsend us a message on WhatsApp at 646-874-7976 or Call us at 201-500-7715