The Organization for Economic Cooperation and Development (OECD) believed in the world economy and improved the forecast for its growth against the background of the introduction of vaccines from coronavirus and financial assistance programs in the United States, the organization published on its official website. It is the United States who must dispersed the world economy, confident analysts.
According to the OECD, according to the results of 2021, the global economy will increase by 5.8 percent and 4.4 percent in 2022-M – against 5.6 and four percent, respectively, according to the following forecast.
The global economy has already returned to an additional activity of activity, I am sure that OECD is sure, but the growth rate was still not restored completely – even due to the “low base” effect. “The global economy is currently moving towards recovery with a large number of friction,” the report says.
The main reasons for the restoration of OECD considers the active widespread distribution of vaccines and financial assistance programs launched in the United States and the Eurozone. Some of them are launched by regulators – the Federal Reserve System and the European Central Bank – and provides for the purchase of corporate and government securities on the open market, another part is focused on direct payments to banks, companies and households from the budget.
Assistance programs help to restore the demand from the population and business, which is one of the main drivers of the economy.