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 […]
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OECD Warns Increased Risks To Global Outlook
The Organization for Economic Cooperation and Development (OECD) has warned that risks to the global outlook have increased. The OECD in a new report said prospects have steadily deteriorated. It now expects economic activity around the world to expand by 2.9 percent next year, a decline of 0.1 percentage points from a previous forecast issued in September. Growth was likely […]