The global recovery is gaining speed. There are still huge risks - News Summed Up

The global recovery is gaining speed. There are still huge risks


You can sign up right hereLondon (CNN Business) Finally, some good news: The outlook for the global economy is clearly improving. What's happening: The Organization for Economic Cooperation and Development unveiled major upgrades to its global forecast on Tuesday. The US economy is predicted to expand by 6.5% this year, over three percentage points better than the December forecast. But the OECD also emphasized that extreme uncertainty remains, and that plenty of factors could jeopardize the recovery. If the recovery is slower than expected, or government support programs end too soon, this could "trigger additional debt delinquencies or defaults."


Source: CNN March 09, 2021 03:03 UTC



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