Investing.com – OECD (Organization for Economic Cooperation and Development) revised its 2021-2022 growth expectations for global and regional economies.
Organization, world economy the 4.2% growth forecast it predicted in 2021 to 5.6%; For 2022, it increased from 3.7% to 4%.
Turkey The change in the 2021 forecast drew attention. Expecting a growth of 2.9% for 2021, the OECD increased this forecast to 5.9%, while for 2022 it made a limited downward revision and reduced it from 3.2% to 3.0%.
ABD The institution, which went to double revision in its estimation for 2021, increased it to 6.5% from the 3.2% it predicted for 2021. It reduced its 2021 growth expectation for China from 8% to 7.8%.
Britain The growth expectation for 2021 was increased from 4.2% to 5.1%.
France The growth forecast for 2021 was reduced from 6% to 5.9%, but the growth forecast for 2022 was increased from 3.3% to 3.8%.
Germany The growth rate forecasted to be 2.8% in 2021 was revised to 3.0%, while the growth forecast for 2022, which was 3.3%, was revised to 3.7%.
Euro zone The growth forecast for 2021 was 3.9%, and the previous forecast was 3.6%. In 2022, the growth expectation, which was 3.3%, was raised to 3.8%.
Author: Necdet Erginsoy
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