Predictions for world economy to expand by 4.5 by next year| MENAFN.COM

Monday, 24 January 2022 05:55 GMT

Predictions for world economy to expand by 4.5 by next year


(MENAFN) The Organization for Economic Co-Operation and Development (OECD) published a prediction that the international economy is going to increase by 4.5 percent by the upcoming year.

According to the report released on Wednesday, "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."

It highlighted: "Recent improvements also conceal structural changes, which mean that some sectors, jobs, technologies and behaviours will not return to their pre-pandemic trends."

Moreover, the organization's central scenario is predicting that fiscal strategies are going to keep on being helpful during next year. After a GDP growth rate of 5.6 percent in 2021, the globe growth can increase by 4.5 percent in the upcoming year, and by 3.2 percent in 2023. The report's anticipation for the eurozone is 5.2 percent for the current year, 4.3 percent for next year, and 2.5 percent for 2023.

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