Economic news

Expansion of the world economy is much influenced by cheap borrowing

Jobless rate is going to fall to the minimum since 1980 in the wealthiest countries, OECD’s recent study of the world economy showed, but it also pointed to global growth’s dependency on cheap borrowing and government spending.

The increase of retaliatory protectionist measures in trade, the re-emergence of volatility in the markets, and rallying oil prices do not bode well for the world economy, said the OECD.

In the next two years the economic growth will be solid, the near future prospects are also more promising than they’ve been for many previous years, Angel Gurría of OECD said.

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