OECD: China To Lead 2021 World Economic Recovery While Europe Lags


Source: pymnts.com pymnts.com

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Print China is forecast to be the first major economy to recover from the global pandemic recession, with Europe lagging behind, according to the Organization for Economic Cooperation and Development (OECD). China is expected to see its gross domestic product grow 9.7 percent in 2021’s fourth quarter compared to Q4 2019, according to OECD figures quoted by The Wall Street Journal . The Asian economic powerhouse is expected to be followed by South Korea at 1.6 percent growth between Q4 2019 and Q4 2021. That is forecast to be followed by Indonesia (1.5 percent growth during the period), then Turkey...