OECD announces global economy expands by 4.5 percent next ye...| MENAFN.COM

Thursday, 27 January 2022 12:05 GMT

OECD announces global economy expands by 4.5 percent next year


(MENAFN) The Organization for Economic Co-Operation and Development (OECD) predicted the worldwide economy is going to expand by 4.5 percent by 2022.

According to a report by OECD "The global economy continues to recover, along with trade, employment and incomes, but the revival is unbalanced, with countries, businesses and people facing very different economic realities," stressing "Recent improvements also conceal structural changes, which mean that some sectors, jobs, technologies and behaviors will not return to their pre-pandemic trends."

The group's main situation is supposing that economic rules are going to carry on being helpful next year.

The global expansion may rise by 4.5 percent next year, and by 3.2 percent the following year, after a GDP development volume of 5.6 percent in 2021, while the statement's anticipation for the Eurozone is 5.2 percent for 2021, 4.3 percent for next year, and 2.5 percent for the following year.

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