Monday 6 April 2020 ,
Monday 6 April 2020 ,
Latest News
  • The Independent decides to go online for now
  • Namaz at home, Zohr instead of Jum’a: Ministry
  • Kitchen markets, super shops must close by 7 pm: DMP
  • Coronavirus cases rise to 117
  • Coronavirus: 3 more dies; 35 new cases detected in 24 hrs
  • ACC director dies of coronavirus in Dhaka
  • COVID-19: Global death toll reaches 69,451
  • Coronavirus Hotline Numbers: Hunting Number: 01944333222, DGHS: 16263, 333
22 November, 2019 00:00 00 AM
Print

OECD trims global 2020 growth forecast

AFP, Paris

The OECD trimmed yesterday its 2020 global economic growth forecast and said it did not see a strong rebound in 2021 owing to risks stemming from trade tensions. The Paris-based Organisation for Economic Co-operation and Development now estimates that business activity around the world will expand by 2.9 per cent next year, a decline of 0.1 per centage points from a previous forecast issued in September.

In 2021, the OECD, which groups the world's wealthiest nations, sees global economic growth edging back up to 3.0 per cent, according to its November 2019 Economic Outlook. OECD chief economist Laurence Boone noted that "for the past two years, global growth outcomes and prospects have steadily deteriorated, amidst persistent policy uncertainty and weak trade and investment flows."

She said that while central banks had taken decisive and timely monetary decisions that partly offset negative effects of trade tensions, most governments had not done so on a fiscal level, for example by investing in long-term projects to improve infrastructure, advance digitalisation of their economies and limit climate change.

Owing to "persistent policy uncertainty and weak trade and investment flows," she said the OECD now saw the global economy expanding at "the weakest rate since the global financial crisis" erupted in 2007.

 

Comments


Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting