June 22, 2021

Lakefront Hartwell

Complete News World

Recovery is here, but awareness is essential

While announcing the resumption of growth in the world economy, OECD experts have not failed to warn against the continuation of some headaches for this recovery.

OECD raised its global growth forecast on Monday, May 31, 2021 to 2021 (up from 5.8%) and 2022 (up to 4.4%). But while welcoming the strength of the recovery, the 38-nation Economic Cooperation and Development Organization, which represents 60% of global GDP, is particularly concerned about the very slow Govt-19 vaccine. Anxiety in poor countries and financial markets. Recovery here: The OECD predicts that GDP will grow by 5.8% in 2021, following a historic recession in 2020, which saw the World Economic Agreement 3.5%, while + 5.6% in March, with its latest release date forecasts.

2022 is a year in which most economies will see a return to the 2019 level, which is expected to grow by 4.4%. In March, he expects a + 4% improvement. “Governments have managed nearly 2 billion doses of vaccines” and “we have never seen such quick and effective public policy in terms of health, vaccine development or monetary, budget or financial plan in a crisis,” the company’s chief economist noted. Lawrence Boone, in this report. Rise in manufacturing output, strong recovery in global trade, post-regulatory consumption resurfaces: many signals are green.

“Many more headaches persist,” the OECD warns. In particular, “Until the vast majority of the world’s population is vaccinated, we are all at the mercy of the emergence of new species.”

Economic capture
Ms Boone warns that the new restructuring will undermine “confidence” and that many companies, “well-protected until then, but often weighed down with more debt, will go bankrupt.” Another major danger identified by the OECD is the financial markets, which are quickly alerted by the rising inflation seen here and there, and according to the International Organization, this is only a temporary event related to the economic downturn.

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If markets start betting on stable inflation, they could raise interest rates, which could put the company at risk for a recovery, the company said. The report notes that “awareness is needed”. According to the Paris-based organization, the recovery is “uneven”: planned growth this year is 8.5% in China and 6.9% in the United States, two countries that have already regained their position. Pre-epidemic, but only 2.6% in Japan or 3.3% in Germany.

After a fall of 8% in GDP by 2020, France is expected to experience 5.8% growth this year, higher than the government’s forecast (5%), according to the OECD.