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OECD trims global growth forecast to 5.7% for 2021 from 5.8% in May

1 month ago   |   By FXCM

In an update of its economic outlook, the Organisation for Economic Co-operation and Development on Tuesday trimmed the global growth forecast to 5.7% for 2021 from 5.8% in May.
Key highlights:
Sees UK growth of 6.7% in 2021 and 5.2% in 2022 .
China 2021 GDP growth forecast: 8.5% ; 2022: 5.8% .
Sees Japanese growth of 2.5% in 2021 , 2.1% in 2022 .
OECD hikes 2021, 2022 inflation outlook for US, Eurozone, UK.
Sees US growth of 6.0% in 2021 , 3.9% in 2022 .
Raises EZ economic growth forecast to 5.3% from 4.3%; 2022: 4.6% .
Market reaction
The report did little to influence the prevalent...
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