The Organization for Economic Cooperation and Development (OECD) said on Monday that expects global GDP to contract 4.2% in 2020, compared to 4.5% in September’s forecast, as reported by Reuters.
Additional comments:
“The OECD predicts that the 2020 world GDP will be -4.2% (compared to -4.5% expected in September), + 4.2% in 2021 (compared to + 5% in September) and + 3.7% in 2022 “.
“The OECD predicts that the 2020 U.S. GDP will be -3.7% (compared to the -3.8% forecast in September), + 3.2% in 2021 (compared to + 4% in September) and + 3.5% in 2022 “.
“The OECD predicts that the 2020 Chinese GDP will be + 1.8% (no change), + 8% in 2021 (no change) and + 4.9% in 2022 “.
“The OECD predicts that the 2020 eurozone GDP will be -7.5% (compared to the -7.9% forecast in September), + 3.6% in 2021 (compared to + 5.1% in September) and + 3.3% in 2022 “.
“The OECD predicts that the 2020 Japanese GDP will be -5.3% (compared to the -5.8% forecast in September), + 2.3% in 2021 (compared to + 1.5% in September) and + 1.5% in 2022 “.
“The OECD predicts that the 2020 UK GDP will be -11.2% (compared to the -10.1% forecast in September), + 4.2% in 2021 (compared to + 7.6% in September) and + 4.1% in 2022 “.
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