Saturday , December 5 2020

OECD pessimistic about the world economy | I ELESPECTADOR.CO

The Organization for Economic Co-operation and Development cut this trend for the second time in two months this Wednesday and urged the countries to prepare for "more difficult times" and to strengthen cooperation with fear, especially for war.

Organization for Economic Co-operation and Development (OECD) cuts world growth forecast by two tenths It was 3.9% in June and 3.5% in June.

Although this confirmed that the world growth slowed, this year's projection didn't change to 3.7% after the tenth fell in September.

French Laurence Boone, who noted that the clouds accumulate on the horizon, warned OECD's chief economist: # It was always delicate to negotiate a soft landing, but exercise was very difficult today.

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The same three major risks were identified as in September: commercial tensionsHe said the US interest rates would increase stronger than expected and punish the developing countries and there would be a significant slowdown in the Chinese economy.

Faced with the danger of a sharper stop than expected by global growth, the OECD said, Prepare for more difficult times, especially with budgetary measures.

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The OECD has not changed its forecasts for the US economy. The longest growth cycle in its history is 2.9% this year and the next 2.7%.

Instead, it cut projections for the euro-zone, which is expected to increase its economy by 1.9 percent and 1.8 percent this year in 2019, which is lower than expected in September this year.

For China, the organization lowered one-tenth of its forecasts for this year to 6.6% and the next to 6.3%.

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