Economic Report: The global economy is continuing with the momentum of investment
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    Economic Report: The global economy is continuing with the momentum of investment

    Economic Report: The global economy is continuing with the momentum of investment



    The OECD said the global economy is continuing to be driven by investment, labor and trade support, but monetary and structural support for wages should be balanced.

    In its quarterly report released on Thursday, Trend News reported that the world will achieve economic growth of about 3.5 percent this year, in conjunction with the growth in industrial production, the continued rise in global trade and the rise in growth in technology spending.
    The OECD changed its forecast for global growth in 2018 to 3.7%, up 0.1%.

    While the Organization raised its growth forecast for the euro zone to 2.1% in 2017, up 0.3% and 1.9% next year, up 0.1%.

    The Organization also revised its growth forecast for Japan, as a result of strong economic growth in the first half of this year, to 1.6%, up 0.2%.

    The organization called for the need to rebalance the monetary and structural support of wages and salaries, and urged monetary policy makers to balance the support and management of financial risks.

    It added that structural reform is needed to increase productivity, wages and skills.

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    Last edited by pusinsbiz; 09-22-2017 at 05:39 AM.



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