OECD Interim Economic Outlook

OECD sees synchronised momentum for global economy, but urges further policy action to ensure sustainable and inclusive medium-term growth.

The world economy has picked up momentum, as expanding investment, employment and trade support synchronised growth across most countries, according to the OECD’s latest Interim Economic Outlook.

The pace of expansion is projected to be faster this year than in 2016, with a further uptick expected in 2018, but strong, sustainable, and inclusive medium-term growth is not yet secured.

The Outlook points out that the recovery of business investment and trade remain too low to sustain healthy productivity growth, while wage growth has been disappointing on average, and not equitable across workers. Emerging markets are key for overall global growth - strong future growth depends on deeper reforms.

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