OECD boosts economic outlook but warns against tightening policy too quickly

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OECD lifts 2020 GDP view, citing U.S. and China performance

The Organization for Economic Cooperation and Development on Tuesday boosted its global economic outlook while warning policy makers not to tighten policy too quickly.

The OECD credited the improvement to better-than expected outcomes for China and the U.S. in the first half of this year, and a response by governments on a massive scale. But the Paris-based organization said output in many countries at the end of 2021 will still be below the levels at the end of 2019, and well below what was projected before the pandemic.

 

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