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Modest pick-up in global growth but risks and vulnerabilities could derail recovery

OECD, (2017), “Modest pick-up in global growth but risks and vulnerabilities could derail recovery”, 7 Μαρτίου

Global economic growth is expected to pick up modestly next year to around 3.6 % from a projected 3.3% in 2017 but risks of rising protectionism, financial vulnerabilities, potential volatility from divergent interest rate paths and disconnects between market valuations and real activity hang over the outlook, according to the OECD.

The projected improvement largely reflects continuing and expected combined fiscal and structural initiatives in the major economies – notably China, Canada and the United States – together with a slightly more expansionary stance in the euro area, which could be more ambitious. Such policies are needed to catalyse private demand to boost global activity and reduce inequalities.

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