Summary of OECD Economic Outlook

May 2014

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OECD Economic Outlook summary
Global economic trends tell only part of the tale: Some nations are moving up the ladder while some are left behind.

Rating

7 Overall

8 Importance

7 Innovation

6 Style

Recommendation

The 2008 financial crisis forever changed the trajectory of economic expansion, both globally and among individual nations. Since then, a nascent recovery has brought growth back in some parts of the world, while progress has eluded others. In the future, countries will need to take prudent economic steps and make necessary reforms to remain competitive. This twice-yearly overview of global economic trends and statistics is a useful guide to world economies, although its organization and readability could use some improvement. getAbstract recommends it to economists, journalists, academics and others interested in indicative economic statistics and trends, both globally and within specific countries.

In this summary, you will learn

  • How global and individual national economies are progressing
  • How GDP, savings, interest rates and other economic measures reflect current trends
  • Why countries should encourage growth and financial stability
 

Summary

Economic Recovery
The embryonic global recovery is likely to continue, although the path to progress will be uneven. Growth should fall just shy of 3.5% globally for 2014 and will ramp up slightly in 2015 to almost 4%. The unemployment rate for countries in the Organisation for Economic...
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About the Author

The Organisation for Economic Co-operation and Development is an international forum of 34 nations that promotes global economic advancement and trade.


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