OECD Improves 2020 Global GDP forecast




The Organization for Economic Cooperation and Development (OECD) has revised upward the forecast for the development of the global economy for 2020-2021. The forecast is published on the organization's website.





According to the OECD, by the end of 2020, the drop in global GDP will be no more than 4.5%. In June 2020, the OECD predicted a 6% drop in global GDP for the current year.

At the end of 2021, the growth of the world economy will be 5%, according to the forecast report.

The organization notes that the decline in the global economy has slowed down due to adequate stimulus measures taken by the governments of developed countries.

The growth in global retail sales has become a significant factor in preventing a deep global economic crisis during the pandemic.

The OECD also improved its forecast for the GDP of the G20 countries: a drop of only 4.1% at the end of 2020. In China, the economy is even expected to grow at 1.8%.





Views: 72

TAGS: ECONOMY

Add a comment!

Your name:
Your Email:
  • bowtiesmilelaughingblushsmileyrelaxedsmirk
    heart_eyeskissing_heartkissing_closed_eyesflushedrelievedsatisfiedgrin
    winkstuck_out_tongue_winking_eyestuck_out_tongue_closed_eyesgrinningkissingstuck_out_tonguesleeping
    worriedfrowninganguishedopen_mouthgrimacingconfusedhushed
    expressionlessunamusedsweat_smilesweatdisappointed_relievedwearypensive
    disappointedconfoundedfearfulcold_sweatperseverecrysob
    joyastonishedscreamtired_faceangryragetriumph
    sleepyyummasksunglassesdizzy_faceimpsmiling_imp
    neutral_faceno_mouthinnocent
The code:
Кликните на изображение чтобы обновить код, если он неразборчив
Enter a code: