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The OECD expects 4.2 percent growth in the global economy in 2021

Yesterday, the Organisation for Economic Co-operation and Development (OECD) published a report on its forecast for the world economy. At his presentation, the organization's secretary general, José Angel Gurria, said that after the start of the COVID-19 epidemic, hope was seen for the first time. In his words, good news about vaccine development inspires confidence and reduces uncertainty in future development, Radio China reports.
According to the report, in 2020 the world economy will fall by 4.2%, that of the US by 3.7% and in the euro area by 7.5%. Overall, the decline in the G20 countries will be around 3.8%. China is the only major economy to deliver positive growth in 2020.

The OECD expects the global economy to achieve 4.2 per cent growth in the coming year. China's growth will reach probably 8% and it will contribute to over 1/3 of global growth. The growth of the US economy will be 3.2%, the euro area 3.6% and the G20 4.7%.


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