Paris (dpa) – Following the fall due to the fall of the coronavirus last year, the association of industrialized OECD countries now predicts a significant improvement in the economic situation. The world economy is expected to grow 5.8 percent this year, 0.2 points more than expected in March, the Organization for Economic Co-operation and Development (OECD) announced in Paris on Monday. For next year, an increase of 4.4 percent is expected, 0.4 points higher than the previous one.
According to the OECD, the economic horizon is also booming Germany. Gross domestic product is expected to reach 3.3 percent this year. That is 0.3 points more than previously expected. For next year, 4.4 percent is expected, 0.7 points more than initially forecast.
The OECD began a two-day ministerial meeting on Monday, which takes place as a video conference. On Tuesday, former Australian Finance Minister Mathias Cormann, 50, will officially take over as OECD Secretary-General. A native of German-speaking eastern Belgium, Cormann will succeed Mexico’s Angel Gurría, who has held the post since 2006.
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