OECD sees stronger global economy, but tensions are rising

The global economy is headed in the right direction with robust investments and broad recovery, according to OECD.

Photo: Arkivfoto/Colourbox

The global economy is heading in a positive direction and may be strengthened further over the coming years, says OECD in a new forecast. Robust growth in investments, improvements in world trade and positive developments in labor markets facilitate a stronger recovery.

According to OECD, growth for this year and 2019 is expected to increase compared to 2017, and OECD's Acting Chief Economist Alvaro Pereira points to the fact that most G20 countries have a steady or improving growth, and the expansion is continuing.

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