PARIS - The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for the world and the United States while raising the outlook for Europe.
Global output is now expected to expand by 5.7 percent this year, down 0.1 percentage points from the organization's previous forecast in May. The OECD lowered its growth outlook for the United States, from 6.9 to 6.0 percent this year. The US Congressional Budget Office has forecast 6.7 percent growth for the world's top economy.
The growth prospects of Argentina, Brazil, Mexico, South Africa, South Korea and Turkey have also improved, while those of Australia, Britain, Japan and Russia were lowered.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OECD lowers global, US economic growth forecastsThe OECD warned Tuesday of an 'uneven' global economic recovery as it lowered its 2021 growth forecasts for the world and the United States.
Source: ANCALERTS - 🏆 26. / 50 Read more »
Carlo Biado rules US Open Pool Championship after sterling comeback(1st UPDATE) Down by five racks in the final, Filipino Carlo Biado displays immense composure as he becomes the first Filipino to win the US Open Pool Championship since Efren 'Bata' Reyes
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Locsin defends Australia's 'prerogative' to acquire nuclear submarines via US, UK dealThe Nation's Leading Newspaper
Source: manilabulletin - 🏆 25. / 51 Read more »
US to relax travel restrictions for vaccinated foreign air travelers in NovemberICYMI: Foreign nationals will need to present proof of vaccination before travel and will not be required to quarantine on arrival. US Government is Not really requiring quarantine at 1st Place So this have Been the procedure eversince
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Biden bids to renew US leadership in UN speechPresident Joe Biden will tell the world Tuesday that the United States wants to avoid a Cold War with China, while pivoting from continuous post-9/11 conflicts to an era of US-led diplomacy.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
US Embassy official: We are honored to contribute to PH response to COVID-19 pandemicThe Nation's Leading Newspaper
Source: manilabulletin - 🏆 25. / 51 Read more »