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The OECD predicts that China's economy will grow by 8.5% in 2021

Date: 2021-09-22
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Xinhua News Agency, Paris, September 21 (Xinhua)  The latest economic outlook report released by the Organization for Economic Cooperation and Development (OECD) on the 21st predicted that the global economy will grow by 5.7% and 4.5% respectively this year and next as the global COVID-19 vaccination process continues to advance and economic activities gradually resume. This agency predicts that China's economic growth rate will reach 8.5% this year.

The OECD predicts that the G20 economy will grow by 6.1% in 2021, and the economies of the United States and the Eurozone will grow by 6% and 5.3% respectively.

According to the report, the advantages and disadvantages of different economies before the outbreak of the COVID-19 epidemic were different, and the countermeasures during the outbreak were different, which led to the unbalanced global economic recovery. The report calls for stronger international efforts to provide low-income countries with the necessary resources to promote vaccination in order to make the global economic recovery on the right track. 'This is for their benefit as well as for the global benefit.'

In addition, according to OECD, there are significant differences in global inflation prospects. The inflation rate in the United States and some emerging market economies has risen sharply, but the inflation rate in developed economies such as the Eurozone is still relatively low.


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