World economic growth will be lower than previously thought
News_Code: 355441 9/22/2021 10:14:17 AM
World economic growth will be lower than previously thought
The Organization for Economic Co-operation and Development (OECD), like many other institutions, predicted less global economic growth this year.
 

The Organization for Economic Co-operation and Development (OECD) said in a report that it had lowered its estimate of global economic growth in 2021 by 0.1 percent over the previous report. The corporation now expects the global economy to grow by 5.7% this year.

According to the Organization for Economic Co-operation and Development (OECD), the corona remains a significant risk to the global economy. The outbreak of the delta mutant will slow down the economic recovery.  

Currently, the world's GDP has exceeded pre-epidemic levels, but unemployment and inflation in most countries remain high. It is especially the case in less developed countries with lower financial resources.  

In another part of its report, stating that global economic growth will continue but will be uncertain, the agency announced the 4.5 percent global economic growth next year and added: Due to the compulsion of central banks and governments to injecting large amounts of liquidity into markets and low household savings, it is expected that reducing inflation to be a time-consuming and difficult process.

According to the organization, the Eurozone will grow by 5.3 percent this year and 4.6 percent next year. In the United States, the economy will grow 6 percent this year and is limited to 3.9 percent next year. China, however, will have more economic growth, with its economy growing by 8.5 percent this year and 5.8 percent next year.  

Among Iran's neighbors, only Turkey is estimated to grow 8.1 percent this year and 3.1 percent next year (Iran is not a member of the Organization for Economic Co-operation and Development).