In its interim economic outlook published on Wednesday, the Organization for Economic Cooperation and Development (OECD) now sees the world GDP at -4.5% in 2020, revised 1.5 percentage points higher from June.
“2021 GDP seen at +5% (-0.2% points from June).”
“Sees 2020 US GDP at -3.8% (+3.5% points), 2021 at +4% (-0.1% point).”
“Sees 2020 Chinese GDP at +1.8% (+4.4% points), 2021 at +8% (+1.2% points).”
“Sees 2020 Euro area GDP at -7.9% (+1.2% points), 2021 at +5.1% (-1.4% points).”
“Sees 2020 Japanese GDP at -5.8% (+0.2% points), 2021 at +1.5% (-0.6% points).”
“Sees 2020 UK GDP at -10.1% (+1.4% points), 2021 at +7.6% (-1.4% points).”
The market mood remains cautiously optimistic ahead of the all-important US Federal Reserve (Fed) monetary policy decision and economic projections.
The European equities post small gains while the US equity futures gain about 0.50%.
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