Lazada Philippines aff_i?offer_id=3127&file_id=94990&aff_id=150634 - OECD warns of flagging growth, urges world leaders to act - Spying the Internet

normal_post - OECD warns of flagging growth, urges world leaders to act - Spying the Internet Author Topic: OECD warns of flagging growth, urges world leaders to act  (Read 180 times)

MIKELIGALIG.com

  • FOUNDER
  • Webmaster
  • *****
  • avatar_1382_1499847132 - OECD warns of flagging growth, urges world leaders to act - Spying the Internet
  • Posts: 22449
  • medal1 - OECD warns of flagging growth, urges world leaders to act - Spying the Internetmedal2 - OECD warns of flagging growth, urges world leaders to act - Spying the Internetmedal3 - OECD warns of flagging growth, urges world leaders to act - Spying the Internet
  • NEED A WEBSITE? 09206301130 | info@mikeligalig.com
    • Share Post
xx - OECD warns of flagging growth, urges world leaders to act - Spying the Internet
OECD warns of flagging growth, urges world leaders to act
« on: March 07, 2017, 01:59:20 PM »
OECD warns of flagging growth, urges world leaders to act
PARIS, June 1 (PNA/Xinhua) -- The Organization for Economic Co-operation and Development (OECD) on Wednesday called on world leaders to better coordinate and take further fiscal moves to avoid "a low-growth trap."

"Growth is flat in advanced economies and has slowed in many of the emerging economies that have been the global locomotive since the crisis. Slower productivity growth and rising inequality pose further challenges," said OECD Secretary-General Angel Gurria.

"Comprehensive policy action is urgently needed to ensure that we get off this disappointing growth path and propel our economies to levels that will safeguard living standards for all," he added.

In its economic outlook, the Paris-based international organization confirmed its forecast of 2016 global growth at 3 percent, the same economic performance of 2015, the slowest pace in the past five years.

Growth of the 34-country OECD area is set to grow by 1.8 percent in 2016 and by 2.1 percent next year, according to the report.

Among the major advanced economies, the OECD expected a moderate recovery in the United States with a 1.8-percent rise in 2016 and 2.2 percent in 2017.

As to the euro area, the OECD projected the single-currency block to "improve slowly" with the 2016 GDP growth set to stand at 1.6 percent, up by 0.2 percent from a previous estimate.

With rebalancing continuing in China, growth is expected to slow to 6.5 percent in 2016 and 6.2 percent in 2017 next year.

However, the OECD saw many emerging market economies continue to lose momentum with a persistent deep recession mainly in Brazil where economic activities will contract by 4.3 percent in 2016 and by 1.7 percent in 2017.

Noting the waning global economy and rising income inequality in many countries, the OECD recommended "more ambitious structural reforms" with major focus on services sector in order to bolster short-term demand and to reach a long-term improvement of labor markets.

"If we don't take action to boost productivity and potential growth, both younger and older generations will be worse off," said OECD chief economist Catherine L Mann.

"The longer the global economy remains in this low-growth trap, the harder it will be for governments to meet fundamental promises. The consequences of policy inaction will be low career prospects for today's youth and lower retirement income for future pensioners," she added.

During its annual ministerial meeting and forum, the OECD also warned that an eventual Brexit "would trigger negative economic effects on the UK, other European countries and the rest of the world".

By 2030, post-Brexit UK GDP could be over 5 percent lower than if the country remained in the European Union, it estimated. (PNA/Xinhua)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=85999.0
Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

personal015320100 - OECD warns of flagging growth, urges world leaders to act - Spying the Internet

pCloud Premium


Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

xx
Saudi King urges world powers to stop bloodshed in Syria

Started by MIKELIGALIG.com on History

0 Replies
212 Views
Last post December 08, 2016, 04:27:57 PM
by MIKELIGALIG.com
xx
World leaders who've caught World Cup fever

Started by islander on Photos Unlimited

17 Replies
833 Views
Last post July 11, 2014, 06:22:22 PM
by islander
xx
World Warns Use of Internet Explorer (IE)

Started by Ligalig-Mike on Technology

8 Replies
1070 Views
Last post December 18, 2008, 11:27:32 PM
by bol-anon nga cebuano
xx
World leaders condole

Started by islander on World Daily News

7 Replies
455 Views
Last post November 15, 2013, 09:08:34 PM
by islander
xx
World leaders in their youth

Started by islander on Photos Unlimited

15 Replies
2016 Views
Last post March 08, 2013, 06:10:59 PM
by islander
 

Booking.com

Latest Topics

SWER3S LENDING by balong
[Today at 07:17:47 PM]


prince valiant by balong
[Today at 06:52:13 PM]


Quote For The Day by islander
[Today at 01:47:08 PM]


Si Hubag Og Si Bugsay Sa Karaoke Bar by islander
[Today at 01:42:10 PM]


Save Philippine Sports by MIKELIGALIG.com
[Today at 06:14:11 AM]


Nahubagan Na Jud Si Hubag Bohol? by hubag bohol
[Yesterday at 10:10:38 AM]


Days in the life of Aylandil by hubag bohol
[Yesterday at 10:03:13 AM]


Aduna nay rason nga motagay si Hubag ug Bugsay by hubag bohol
[Yesterday at 10:00:10 AM]


9 Unexpected Stroke Symptoms You Need to Know by islander
[February 18, 2018, 06:51:06 PM]


Making sense of the ICC brouhaha by islander
[February 18, 2018, 11:39:35 AM]

SMF spam blocked by CleanTalk
pCloud Premium
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2018, SimplePortal